02.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected downwards after could not continue an upward dynamics. In case of resumption of growth, quotes will reach the level of 2200 Confirmation of signal to sell with the targets 2100 and 2040 will be fixing of price below the level of 2150. Our medium-term outlook remains negative, and after a long consolidation, we expect to see strong price movement.

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 after an attempt to continue its growth after overcoming the level of 10300, has renewed decline and in the near future is likely to reach the level of 10150. Fixing of price below this level will confirm the signal for the opening short positions with potential targets at 9600 and 9300. Our medium-term outlook remains negative and we expect a downward price movement in the near future.

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 continued to decline and has broken the important support level at 16300. This fact is the basis for the continuation of negative dynamics of price with targets at 15400 and 15000. In case of opening short positions the stop should be set above 16550. Our forecast for the near future is negative, and growth will be limited by resistance levels at 16550 and 16800.

Nearest resistance levels: 16300, 16800, 17250, 17500, 18000, 18600, 19000

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

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