01.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed growth during which renewed historical highs and currently is corrected downwards. In case of continued rising dynamics, prices may rise to 2200. After a long consolidation, we expect a strong price movement. Our medium-term outlook remains negative and confirmation of the sell signal will be overcoming the support at 2150.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 has shown growth, but could not overcome the inclined resistance line and started to correct. Within the correction quotations may return to the levels of 10300 and 10150. Our medium-term outlook remains negative and we expect a correction in the near future, but in case of overcoming the level of 10500, growth may continue until the 10800 and 11200.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to move within the range 16300-16800. Currently quotes are near the level of 16550. The basis for continued growth will be fixing of price above the level of 16800. On the other hand, there is an increased likelihood of reduction of quotations with targets at 15850 and 15400. Our forecast for the near future is negative.

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

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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