07.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is still consolidating above the level of 2150. After a long consolidation, we expect a strong price movement. Growth is limited by the historic highs around 2195, but the fall of price will be more likely. The signal to sell with targets at 2120, 2040 and 2000 will be fixing of price below 2150. Our medium-term outlook remains negative.

Nearest resistance levels: 2195, 2200, 2250

Nearest support levels: 2150, 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 is consolidating around the upper limit of the downward channel. In case of continued growth, a buy signal will be fixation above the level of 10800. According to our forecasts, the drop in prices will resume within the channel and quotations will reach the marks 10150 and 9850. Our medium-term outlook remains negative and we expect a decrease in the near future.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 is consolidating above the level of 16800 after has broken through the inclined resistance line. Fixing of price above this level will be the basis for continued growth with the objectives at 17250 and 17600. On the other hand, the fall can be resumed in the near future and quotations will return to the levels of 16550 and 16300. Our medium-term outlook remains negative, but there is a high probability of further growth in the near future.

Nearest resistance levels: 17100, 17250, 17600, 18000

Nearest support levels: 16800, 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200

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