05.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise and reached the important level of 2170 around which was consolidated earlier. In the near future, the growth may continue to a historic high around 2185 and after its overcoming will reach 2200. In case of decline, confirmation of the signal to sell will be fixing of price below the level of 2150. In this case, the closest targets will be 2100 and 2040. Our medium-term outlook remains negative.

Nearest resistance levels: 2170, 2200, 2250, 2300

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 resumed growth within the local ascending channel during which declined to the level of support at 10150. Fixing below this level will be a signal to sell with the targets of 9600 and 9300. The growth in the near future is limited by the resistance level at 10500. Our medium-term outlook remains negative, but the current growth inside the rising channel is likely to continue in the near future.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has grown inside the descending channel and reached an important level of 16300. In the near future the growth is limited by the upper border of the channel, and its overcoming will be the basis for continued growth to 16550 and 16800. According to our estimates, the decline is likely to resume in the near future and the nearest target levels in this case will be 15850, 15400 and 15000. Our medium-term outlook remains negative.

Nearest resistance levels: 16300, 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 15850, 15400, 15000, 14000, 13600, 12500

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