01.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected to the upper limit of the local downward channel and in case of its breaking will continue to increase till 2195-2200. It is worth mentioning that the price fixing below 2170 will confirm the signal to sell with potential targets 2100 and 2040. According to our forecasts, the fall will begin soon, and our medium-term outlook also remains negative.

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 a slight increase, but continues to move within the corridor 10500-10800. Fixation above 10800 will become the basis for continued growth till 11200 and 11600. The sell signal will be price fixing below 10500. In such case the stop should be installed above the level of 10800 and the targets will be 9600 and 9300. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 fixed above the level of 16800 and continues upward movement. Overcoming the important level of 17000 will be the reason for further growth of quotations to 17500 and 18000. Our medium-term outlook is negative with the first targets at 16300 and 15850, but the current growth can continue in the near future.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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