04.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has fixed outside the ascending channel, which the price has left previously, which was a confirmation of the signal to sell with the targets at 2000, 1950 and 1910. In case of rebound of price upwards, quotations may reach 2080. Our forecast for the next weeks remains negative.

Nearest resistance levels: 2080, 2100, 2120, 2135

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

The price of the futures on the German stock index DAX30 continued to decline after fixed below the level of 10150. This fact is the basis for the continuation of negative dynamics of price with the potential reduction to 9600 and 9300. In case of rebound the growth is possible to 10150 and the upper limit of the local downward channel. Our medium-term outlook remains positive, but in the near future there is a high probability of falling in the near future.

Nearest resistance levels: 10150, 10800, 11000, 11200

Nearest support levels: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 is consolidating around the level of 16000 after showed a strong decline in the previous weeks. In case of further decline, quotations may fall to 15700 and 15400. In case of starting correction, the closest target will become 16500. Our medium-term outlook remains positive, despite a likely drop to 15000 in the coming weeks.

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

Nearest support levels: 15700, 15400, 15000, 12500

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