08.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the levels 1990-2000. Further growth of the price is limited by the levels of 2020 and 2050. If the price fixates below 1990 and will break through the inclined support line, we forecast a fall in price until 1950 and 1910. Our forecast for the coming months is negative and we expect the fall today.

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 after some consolidation near the level of 9800, started decline and approached the level of 9600. In the near future the price fall is likely to continue with the potential of reaching the rising channel's lower border. On the other hand, the breaking of the level 9800 will be the basis for further growth of the price to 10150 and 10800. Our medium-term outlook remains positive despite the possibility of continuation of fall in the coming days.

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 corrected within the local rising channel and may soon reach the bottom border and the level of 16300. The breaking of these levels will be a signal for the continuation of negative dynamics of price with the fall potential to 15700 and 16300. Our medium-term outlook remains positive, and we expect the resumption of positive dynamics in the near time.

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

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

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