01.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued growth after overcoming the level of 2080 and reached an important level of 2100. Further growth is limited by the resistance at 2120 and historic high of about 2135. According to our estimates, there is a high probability of falling prices in the near future and in case of opening short positions with the targets 2020 and 1950 the stop should be set above 2120. 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 some consolidation has broken the resistance level of 9600 and reached the level of 9800. Overcoming this mark is the basis for the continuation of positive dynamics with the objectives at 10150 and 10300. In case of resumption of negative dynamics, the price will probably return to the support at 9300. We do not exclude growth in the near future, but we expect the resumption of the negative dynamics of price in the near future.

Nearest resistance levels: 9800, 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 was not able to overcome the inclined resistance line and the level of 1850 and at the moment is gradually corrected downward. In case of continuation of the current decline, quotes will return to the psychologically important level of 15000. We forecast a drop in the near future.

Nearest resistance levels: 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 15400, 15000, 14000, 13600, 12500

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