08.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 today shows growth, but continues to consolidate around the level of 2050. Fixing below this level should be the confirmation for opening short positions with the immediate objectives at 1990 and 1950. In case of renewal of growth, the closest targets will be 2080 and 2100. We forecast a decline in prices in the coming weeks and expect the resumption of reduction in the near future.

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 continues to decline along the inclined line of resistance, and at the moment is around the level of 9600. The breaking of this level is the basis for the continuation of the negative dynamics of price to 9300, after which the price may continue to fall to 8750 Our medium-term outlook remains positive, but we expect the price drop 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 rebounded from the level of 15400 and at the moment is higher than 15700. According to our estimates, quotations may test the support at 15400 and drop to 15000 in the near future. On the other hand, in case of continued growth, quotations will reach the level of 16500. Our medium-term outlook is positive, but the probability of a decline in the near future is above average.

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

Nearest support levels: 15700, 15400, 15000, 12500

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