03.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rose to the level of 2170 and in case of continued growth, the closest target will become resistance near historic highs at 2195. In case of correction, quotations will return to the level in 2150 and an inclined support line, fixing below which will be a signal to sell with targets at 2120, 2040, and 2000. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

Nearest resistance levels: 2170, 2195, 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 once again failed to gain a foothold below the level of 10300 and started to correct upwards. Further growth in the near future is possible to the resistance level at 10800. A more likely according to our forecasts will be a continuation of the negative dynamics of price and the signal to sell with the objectives at 9800 and 9300 will be fixation of price below 10300. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has continued to move within the triangle, and is currently located near the level of 16550. The continuation of the positive momentum in the near future, is possible till 16800, and the upper boundary of the triangle. According to our forecasts, the fall of price will resume in the near future and a signal to sell with the targets at 15850, 15400 and 15000, will become fixation of price below 16300. Our medium-term outlook remains negative.

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

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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