07.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected up after failed to gain a foothold above the important level of 2050. At the moment, quotations are beside the rising channel's lower border and fixing beyond its borders will confirm the sell signal with target levels at 1980 and 1950. The growth in the near future is limited by the levels of 2080 and 2100. Our forecast for next week remains negative and we are waiting for the signal to sell.

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 corrected up to an inclined line of resistance, but keeps moving around the level of 9600. While maintaining the current negative dynamics, quotations will reach the level of 9300 and then will continue to fall to 8750. On the other hand, in case of resumption of growth, the nearest resistance will be 10150. Our medium-term outlook remains positive, but the decline may continue in 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 continues to consolidate around the level of 15700. In case of consolidation below this level, the decline will continue until 15000. After a recent reduction, we can also see a correction of prices and quotations in such case will return to the resistance at 16500. Our medium-term outlook remains positive, but we do not exclude saving of current negative impulse.

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

Nearest support levels: 15000, 12500

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