05.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the level of 1910. Further growth of price is limited by the resistance level at 1950 the overcoming of which will be the basis for continued growth until 1990 and 2050. On the other hand, the fall is likely to continue until 1860, and then will be able to reach the level of 1800. Our medium-term outlook remains negative and we expect a rise in volatility today.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1910, 1860, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 within the reduction approached the local minimum around 9300. In case of breaking this support, quotations will continue to decline to 9000 and 8600. At the moment, there is a possibility of rebound of price upwards to the level of 9800, after which growth may continue until 10000-10150. Our medium-term outlook remains positive and now there is opportunity to open long positions with the short stop.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200, 11400, 11800

Nearest levels of support: 9300, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 has fixed beyond the local ascending channel and the level of 17250. Currently quotations are consolidated above the level of 16600 and in case of breaking through it, will continue to decline to 16000. In case of price rebound from this level the first target will be 17250, and then the growth may continue until 18000. Our medium-term outlook remains positive.

Nearest resistance levels are: 17250, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16600, 16000, 15200

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