03.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to correct, and reached important support level at 2150. In case of overcoming this mark, we expect a continuation of the negative dynamics of price with closest targets at 2100 and 2040. In case of opening short positions, the stop must be installed above the level of 2180. The increase In the near future is possible up to 2200. Our medium-term outlook remains negative.

Nearest resistance levels: 2170, 2200, 2250, 2300

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continued to fall and reached the important support at 10150. A breaking of this level will confirm the signal to sell signal with a stop above 10500 and objectives at 9600 and 9300. The growth In the near future is limited by resistance levels at 10300 and 10500. Our medium-term outlook remains negative and we expect a soon decline.

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 fixed below the level of 16300, which was a confirmation of the signal to sell with closest targets at 15400 and 15000. In case of resumption of growth, quotes will return to the level of 16300 and the upper boundary of the local descending channel. Our medium-term outlook remains negative.

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

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

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