03.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to decline and broke through the lower boundary of the local ascending channel and the level of 1910. Securing below these marks is a signal to sell with the first target at 1860 and 1800. The growth in the near future is limited by the level of 1950. Our forecast for the near future remains negative.
Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080
Nearest support levels: 1860, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 showed a decline after a long consolidation around the level of 9800 and reached the nearest support at 9400. If the current negative momentum will continue, quotations will reach the level 9000. In case of correction, the price can return to the upper border of the downward channel. Our medium-term outlook remains positive, but the decline may continue in the near future.
Nearest resistance levels: 9600, 10150, 10400, 10800, 11000, 11200, 11400, 11800
Nearest support levels: 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 demonstrated correction to the lower boundary of the local rising channel and in case of breaking through it, may continue to decrease to 16600 and 16000. In case of resumption of growth of the price within the channel, quotations will reach 18000, and can continue to grow until 18600. Our medium-term outlook remains positive, despite the risk of continued decline in the near future.
Nearest resistance levels are: 17250, 17500, 18000, 18600, 19000, 19400, 19700, 20000
Nearest support levels: 16600, 16000, 15200