07.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after several attempts, was able to break through the level of 1990 and continued to decline within which reached the mark 1950, and may continue decline to 1910. Within the correction, quotations can return to the level of 1990. We expect a continuation of the negative dynamics of prices in the near future.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080, 2100, 2120, 2135

Nearest support levels: 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 showed a strong fall and has overcome the level of 10000. This fact is the reason for the continuation of the negative dynamics of price to 9600 and 9000. In case of correction, quotes will close the gap and return to the levels of 10200-10400. Our medium-term outlook remains positive, but soon decline may continue.

Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 accelerated decline after breaking through the support level at 18000 and the lower limit of the downward channel. As a result, the price dropped to 17500. A further reduction is possible till 16500-17000, but after a sharp decline, we expect to see a price correction. Despite the current decline, we expect growth of price in the medium term.

Nearest resistance levels: 18000, 18600, 19000, 19400, 19700, 20000, 20400, 20650, 21000

Nearest support levels: 17500, 17000, 16500, 16000, 15200

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