02.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued the growth and after overcoming the level of 1950, reached an inclined resistance line. In case of a further increase, quotations will reach the next target marks at 1990 and 2020. We expect the consolidation to continue in the near future and after its completing there is a high probability of strong price movement. We forecast a drop in the coming months, but may see continued growth over the next few days.

Nearest resistance levels: 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 after a some consolidation below 9600, has managed to overcome this level and reached the level of 9800 after which growth may continue till 10150. The fall in the near future is limited by an inclined support line. We expect the price growth in the near future with potential targets at 10800 and 11200. In the medium term, we also expect to see upward movement.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 within the strong upward impulse has been able to overcome the resistance level at 16300 and in the near future can save upward momentum with the potential of reaching the levels of 17250 and 18000. In case of downward correction, the levels of support will be 16300 and 15700. Our medium-term outlook remains positive and we look forward to growth in the near future.

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

Nearest support levels are: 16300, 15700, 15000, 12500

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