01.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a long consolidation within the triangle, broke through its upper boundary at 1910 and has shown strong growth. With continued upward movement, target levels will be 1950 and 1990. The fall is limited by the lower boundary of the rising channel. We expect the price increase in the near future, but its potential is limited and in the coming months it is likely to continue falling.
Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080
Nearest support levels: 1910, 1860, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 continues to consolidate below the 10000. In case of breaking through the upper boundary of the descending channel and resistance at 10150, quotes will continue to rise to 10800, and 11200. The fall of prices in the near future is limited by the level of support at 9400. Our medium-term outlook remains positive, but the downward trend may continue near term.
Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has shown strong growth after has broken through a strong resistance level at 17250. As a result, quotations reached the upper boundary of the rising channel and the level of 18000. In order to continue the growth, the price needs to overcome the resistance level at 18000. Our medium-term outlook remains positive, but we do not exclude correction to 17250 in the near future.
Nearest resistance levels: 18000, 18600, 19000, 19400, 19700, 20000
Nearest support levels: 17500, 17250, 16500, 16000, 15200