03.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has reached the target level 1990 and currently is consolidating below it. Overcoming this mark will be the reason for the continuing upward dynamics of price until 2020 and 2050. Now there is a high probability of price correction within which we can see a decrease to 1950. Our forecast for the coming months remains negative.

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 continues to consolidate after hitting the level of 9800. Breaking through this resistance will lead to the continuation of the upward price movement until 10150. In case of correction, the price may fall to the inclined support line and the level of 9600. We maintain our medium-term positive outlook and expect continued growth in the near future.

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 after breaking through the level of 16300 shows a steady growth during which approached the level of 17000. With a further increase of price, quotations will probably reach the level of 17250 and 18000. Our medium-term outlook remains positive, and in the case of correction, the price can return to around 16300.

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

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

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