06.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking the lower limit of descending channel is consolidating around the level of 2050. Fixing of price below this level will confirm the signal for opening short positions with a stop above 2080 and objectives at 1980 and 1950. On the other hand, there is the likelihood of a rebound of price to the level 2080 and then growth may continue to 2100. Our forecast for next week is negative.

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

Nearest levels of support: 2050, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 after fixing the price beyond the ascending channel, continued to decline and reached the level of 9600, fixing below which will be confirmation of sell signal with the objectives at 9300 and 8750 in case of resumption of growth quotes will reach the levels 10000-10150. We maintain our medium-term positive outlook, but we can see a fall of price the near future.

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 today corrected and returned to the level of resistance at 15700. Fixing below it will be an incentive for the continuation of the negative dynamics of price with the first target at 15000. On the other hand, in case of growth quotations will return to the level of 16000. Our medium-term outlook remains positive, but the downward dynamics will probably continue in the near future.

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

Nearest support levels: 15000, 12500

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