07.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown moderate growth and the near future can continue the positive dynamics to the level 2195-2200. The growth potential according to our estimates is low in the near future there is the possibility of renewed negative dynamics of price with first targets 2100 and 2040. Our medium-term outlook remains negative.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continues to grow within the range 10500-10800. Fixing of price above the level of 10800 will be the signal for quotes to continue increase to 11200 and 11600. A more likely scenario after the price leaving the rising channel is a renewal of the negative dynamics and a signal to sell will be fixing of price below 10500. Our medium-term outlook remains negative and we are waiting for the signal to sell.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has broken through the lower boundary of the local rising channel and in case of fixation of quotes below the support level at 16800, we expect the fall to 16300 and 15850. The growth in the near future is possible to the marks 17250 and 17500. Our medium-term outlook remains negative, but we do not exclude further growth in the near future.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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