01.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down and approached the lower boundary of the rising channel and the level of 2050. In case of breaking through and fixing the price below the given level, we expect a further decline with the nearest target levels 2020, 2000 and 1980. In case of continued growth, quotations will rise to 2080 and 2100. We expect price decline in the near future and recommend to wait for the signal to sell.

Nearest resistance levels: 2065, 2080, 2100

Nearest support levels 2050, 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750

The price of the futures on the German stock index DAX30 continued to fall and was able to break through the lower boundary of the rising channel. Overcoming the level of 9800 will be the signal for opening short positions with the closest targets at 9600 and 9300. The reason for the continued growth will be overcoming the level of 10150. Our medium-term outlook remains positive, but the probability of falling in the near future has grown.

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

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has shown a strong fall during which was able to break through the support level at 16500. This fact is the basis for the continuation of negative dynamics of price with potential targets at 15700 and 15000. In case of rebound, quotes, will return to the levels of 16500 and 17000. We expect the price to drop in the near future, but the medium-term outlook remains positive.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15000, 12500

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