02.06.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is trying to gain a foothold below the important level of 2100. In case of success, the fall will continue until 2080 and 2040. Overcoming these levels will be the basis for further reduction with objectives at 2000 and 1950. The increase is limited by the levels of 2120 and 2135 in the near future and in case of opening short positions is recommended to set the stop above 2135. Our forecast for the near future is a 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 has fallen to the support level at 10150 and is consolidating above it. In case of continued growth, quotations will reach the level of 10500 and its overcoming will be the basis for further rise of price to 10800, and 11200. In case of continued negative dynamics and breaking through 10150, quotes will decrease to 9800 and 9600. Our medium-term outlook is positive, but the current drop is likely to continue in the near future.
Nearest resistance levels: 10500, 10800, 11000, 11200
Nearest support levels: 10150, 9800, 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 decreases after breaking through the local ascending channel's lower border and in the near future can reach support levels at 16300 and 15850. After a strong decline is probable correction to 16800. According to our estimates, the growth will continue in the medium term, but the current downward momentum is likely to continue in the coming days.
Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500