04.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has started growing again after the rebound from the support level at 2150. In case of continued negative dynamics and overcoming this support, we expect a continuation of the negative dynamics of price with closest targets at 2100 and 2040. Our medium-term outlook remains negative and we expect the resumption of the fall in the near future.

Nearest resistance levels: 2170, 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 after the recent correction to the lower boundary of rising channel and the level of 10150, has started growing again within the channel and will probably continue it in the near future to 10500. Overcoming this level will be the basis for continued upward momentum to 10800 and 11200. Sell signal will be fixing of price below 10150. Our medium-term outlook remains negative, but the current growth is likely to continue in the coming days.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 continues moving inside the local descending channel after was able to overcome an important support level at 16300. The growth of price within the correction is limited by resistance level 16300 and the upper border of the channel. Our medium-term outlook remains negative and we expect the current dynamics to continue with the objectives of at 15400 and 15000.

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

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

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