02.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke the lower boundary of the channel and the level of support at 2080. Fixing of price below this level will be the basis for the continuation of negative dynamics with the first targets at 2040 and 2000. The current upward correction may continue until 2080. We expect the fall of prices in the medium term and maintain our negative outlook for the next months.

Nearest resistance levels: 2080, 2100, 2120, 2135

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

The price of the futures on the German stock index DAX30 continued fall within the local descending channel and has broken through the strong support level at 10150. This fact is the basis for the continuation of negative dynamics of price to 9600 and 9300. In case of resumption of positive dynamics, target levels will be 10500 and 10800. Our medium-term outlook remains positive, but the current fall is likely to continue in the near future.

Nearest resistance levels: 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 corrected upwards after the sharp fall in the previous days. The next upside target level in the case of continued growth will be 16500. On the other hand, for the continuation of the negative dynamics quotations need to break through the support level at 15700. In such a case the price may continue falling to 15000. Our medium-term outlook remains positive, despite a likely fall in the near future.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15400, 15000, 12500

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