05.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken the lower boundary of ascending channel and reached the desired level of 2050. The breaking of this support will confirm the signal to sell with the targets at 2000 and 1950. In the case of the price rebound from the levels of 2050, we can see an increase until 2080 and 2100. Our forecast for next week remains negative.

Nearest resistance levels 2065, 2080, 2100, 2120, 2135

Nearest levels of support: 2050, 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 restores positions after the recent sharp decline. The next upside target level for a further increase will be 10150. Its breaking through will be the signal for opening long positions with the targets at 10800 and 11200. The confirmation of the signal about change of the trend will be breaking through the level of 9600. In such case the quotes will fall to 9300 and 8750. Our medium-term outlook remains positive.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 continued to fall and broke through the level 15700. Given the strong downward momentum, we expect a further decline to the psychologically important mark at 15000. On the other hand after the sharp fall, quotations may be corrected upwards sharply. Our forecast for the near future is a negative.

Nearest resistance levels: 15700, 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15000, 12500

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