04.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the recent correction to the level of 2050, and the lower boundary of the rising channel continued growth during which reached the resistance level at 2080. The next upside target level at the moment is 2100. The signal about changing the current positive trend will be fixing of price below the level of 2050. Our forecast for the coming week remains negative and we are waiting for a soon start of the correction.

Nearest resistance levels 2080, 2100, 2120, 2135

Nearest levels of support: 2065, 2050, 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 restores positions after the recent sharp decline. The next upside target level for a further increase will be 10150. Its breaking through will be the signal for opening long positions with the targets at 10800 and 11200. The confirmation of the signal about change of the trend will be breaking through the level of 9600. In such case the quotes will fall to 9300 and 8750. Our medium-term outlook remains positive.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after a sharp decline, has stabilized above the level of 16000. In case of breaking through this level, quotations will continue to decrease to 15700 and 15000. In the near future we may see the upward price rebound with the first target at 16500 after overcoming of which the growth will continue until 17250. Our medium-term outlook remains positive, in spite of the possibility of continuing the current decline.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15000, 12500

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