05.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected up after reached the level of 2050. The growth of prices in the near future is limited by the level of 2080 and the inclined resistance line. In order to continue the negative dynamics quotations need to break through the level of 2040. We expect a fall in price in the coming weeks with the targets at 2000 and 1950.

Nearest resistance levels: 2080, 2100, 2120, 2135

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

The price of the futures on the German stock index DAX30 dropped to 9800, after which rebounded upwards. The breaking of this level will be the basis for the continuation of the negative dynamics of price to 9600 and 9300. The growth in the near future is limited by the upper boundary of descending channel and resistance level at 10150. Our medium-term outlook remains positive despite a likely decline in the coming weeks.

Nearest resistance levels: 10150, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate above the level of 15850. After the breaking of this level, the negative dynamics may continue until the 15400 and 15000. The upward movement in the near future is limited by the level of resistance at 16500. At the moment, there is a possibility of ascending correction and medium-term outlook remains positive.

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

Nearest support levels: 15850, 15400, 15000, 12500

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