03.06.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has grown to a local maximum around 2006. A further price growth is limited by the levels of resistance at 2120 and 2135. According to our forecasts, in the near future may resume the fall of price and in such case quotations will decrease until 2040 and 2000. We expect price decline in the nearest weeks, despite the possibility of continued growth in the near future.

Nearest resistance levels: 2120, 2135

Nearest support levels: 2100, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 after correction to the level of 10150, renewed growth and in case of continued positive dynamics quotations will reach the level of 10500, after which can grow up to 10800 and 11200. According to our estimates, prices will fall further after breaking through support at 10150, but the medium-term outlook remains positive.

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 has broken the lower boundary the rising channel and the local support level at 16800, which was the basis for the continuation of negative dynamics to 16300 and 15850. We maintain our medium-term positive outlook with a potential target at 18000, but in the near future may see a continuation of negative dynamics.

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

Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500

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