04.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to move around the level of 1910. At the moment, quotations are near the lower boundary of the rising local channel, which the price has left earlier. Further growth is limited by the level of 1950. In case of the renewal of the negative dynamics, the closest target level will become 1860. Our forecast for the coming months remains negative.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1910, 1860, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 has fallen to the level of 9400, but was unable to fix below it, and in the near future may continue to rise to 9800 and 10150. Fixation above this level will become a signal about changing of the local descending trend. Our medium-term outlook remains positive, but we do not exclude the continuation of the negative dynamics up to 9000 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 continued to fall after has broken the lower boundary the ascending channel and the support level at 17250. Fixing below these levels is the reason for further fall of price to 16600, and 16000. We expect price growth to continue in the medium term and quotations will reach the levels of 18000, 18600 and 19200.

Nearest resistance levels are: 17250, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16600, 16000, 15200

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