07.03.2016 - 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 of 2000 and currently is consolidating above the level of 1990. Further growth is possible up to 2020 and 2050. In case of correction, quotations will be reduced to a sloping support line. After the completion of the price consolidation, we expect a strong price movement. In case of a resumption of negative dynamics, target levels will be in 1950 and 1910. Our forecast for the coming months remains pessimistic.

Nearest resistance levels: 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 is consolidating around the important level 9800, and the closest target in case of continued growth will be 10150. The correction in the near future is limited by the level of 9600 and the lower boundary of the rising channel. Our medium-term outlook remains positive and we expect growth to continue in the near future, with the potential of achieving 10800 and 11200.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 not been able to reach the level of 17250 and started to correct downwards. In case of further decline, quotations will reach the lower boundary of the channel and the level of 16300. On the other hand after breaking through and consolidation above the level of 17250, the rising dynamics with a high probability will continue to levels of 18000 and 18600. Our medium-term outlook remains positive.

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

Nearest support levels are: 16300, 15700, 15000, 12500

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