05.07.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has not been able to gain a foothold above the level 2100 and now shows a rapid decline, which with a high probability will continue until 2080. A break of this level will be the basis for further price reduction to 2040 and 2020. Our medium-term outlook remains negative and the probability of decline in the near future remains high.
Nearest resistance levels: 2100, 2120, 2135
Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 shows fall after has not been able to overcome the resistance level at 9800. At the moment, the price shows a sharp decline and breaking of 9600 has become the basis for the continuation of negative dynamics to 9300 and 9000. In case of overcoming the level of 9800, we expect continued positive momentum to 10150 and 10300. Our forecast for the coming months remains negative.
Nearest resistance levels: 9800, 10150, 10500, 10800, 11000, 11200
Nearest support levels: 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 started to correct down after another unsuccessful attempt to overcome the resistance level at 15850. At the moment, are quotations around this level mark 15400 and breaking through the will be the basis for the continuation of negative dynamics to 15000 and 14500. Our forecast for the nearest future remains negative.
Nearest resistance levels: 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 15400, 15000, 14000, 13600, 12500