01.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was not able to gain a foothold above the level of 1950 and started to decline within the local descending channel. Overcoming the level of 1950 will lead to further increase of price until 1990 and 2020. More likely scenario is the resumption of the negative dynamics with the first target at 1910 and then decline may continue until 1860. Our forecast for the coming months is negative.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 has shown strong growth and again tries to overcome the resistance level at 9600. In case of success, growth will continue till the levels of 9800, and 10150. The fall In the near future is limited by the support level at 9100. And fixation below this mark will be the cause for the reduction of quotations to 8800. We expect growth in the coming weeks and maintain a medium-term positive outlook.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 shows growth within which approached the level of resistance at 16300. Fixing above this mark will be the basis for continued growth of price till 17250, and 18000. The fall is limited by a strong support at 15700. We expect the price growth in the medium term and recommend to wait for a buy signal.

Nearest resistance levels are: 16300, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels are: 15700, 15000, 12500

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