06.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after yesterday's correction, and a renewed fall in the near future will probably reach the support at 2040. Overcoming this level will be a stimulus for further price reduction with the targets at 2000 and 1950. The correction is possible until 2080. Our forecast for the nearest week remains negative.

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 is consolidated near the level of 9800 after a recent loss and breaking through the ascending channel's lower border. In case of continued negative dynamics, the closest target level will be 9600, and then decline may continue until 9300. Our medium-term outlook remains positive, but we expect a decline in the near future.

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 its consolidation near 16000 the level of and for continuation of reduction will be necessary to break the support at 15850 and in this case the closest targets will be 15400 and 15000. On the other hand, within the growth quotations may reach the level of 16500. Our medium-term outlook remains negative.

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

Nearest support levels: 15850, 15400, 15000, 12500

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