05.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected up after failed to gain a foothold above the important level of 2000, but after the correction, returned to the level of 2000. A further decline is limited by the local minimum around 1990. At the moment, there is a possibility of growth resumption and in case of opening long positions, the stop should be set lower than 1990 and the price may rise to 2040-2050. We expect short-term growth in the near future.

Nearest resistance levels: 2020, 2050, 2065, 2080, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 has shown a strong decline in the last days and approached the local minimums beside 10200. In case of further decline, quotes will reach the level of 10000 and 9600. Now there is a probability of a rebound of the price upwards with the first targets at 10400 and 10800. Our medium-term outlook remains positive despite the possibility of falling in the near future.

Nearest resistance levels: 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 was able to break the support level at 18600 and continued to decline. The immediate target level within the decrease will be 18000 and 17500. In case of correction, the price will return to the level of 18600 and then may continue to grow till the inclined resistance line. Our medium-term outlook remains negative despite the possibility of falling in the near future.

Nearest resistance levels: 18600, 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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