01.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has not been able to gain a foothold above the level of 2100 and started to correct downwards. In case of resumption of growth, quotes, will return to the levels of 2120 and 2135, but the more likely scenario is a continuation of the negative dynamics of price with the closest objectives at 2040 and 2000. Our forecast for the near future remains negative.

Nearest resistance levels: 2100, 2120, 2135

Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 after strong growth in the previous days, demonstrates a downward correction of price and may soon return to the level of 10150. A breaking of this level will be the basis for the continuation of negative dynamics of price to 9800 and 9600. In case of the resumption of growth is likely reaching of resistance at 10500. Our medium-term outlook remains positive despite a probable decrease in the near future.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 corrected downward to the level of 16800 and the lower boundary of the rising channel. Fixation lower than these levels will become a signal to sell with objectives at 16300 and 15850. On the other hand, there is a possibility of rebound of quotations up with the closest objectives at 17250 and 17500. Our medium-term outlook remains positive, but the probability of falling in the near future has increased significantly.

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

Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500

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