04.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise after overcoming the resistance level at 2100. In case of continued growth and fixing of price above the level of 2120, the price will continue to rise to historic highs near 2135. According to our estimates, the growth potential is low and we expect the beginning of downward price movement in the near future. Our medium-term outlook remains negative.

Nearest resistance levels: 2100, 2120, 2135

Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 has overcome the level of 9600 and currently is consolidating below 9800. In case of continued growth, the closest targets will be 10150 and 10300. In case of correction, the price will fall to 9600 and 9300. We forecast increased volatility, and expect the resumption of growth after the current upward impulse.

Nearest resistance levels: 9800, 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 broke through the angled line of support, and if the price fixates above 15850, we recommend opening long positions with the potential growth to 16300 and 16800. The fall in the near future is limited by the level of 15000. We forecast increased volatility in the near future.

Nearest resistance levels: 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000

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

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