08.06.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after reaching the resistance level at 2120, corrected downwards and in case of renewal of growth can reach historic highs near 2135. According to our estimates, quotes will not be able to update the highs and we look forward to the start of price correction in the near future with nearest objectives at 2080, 2040 and 2000. Our short-term outlook remains negative.
Nearest resistance levels: 2120, 2135
Nearest support levels: 2100, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 after reaching the level of 10300, corrected downwards and in case of renewal of growth, closest target will be 10500. On the other hand, the decline may continue until 9800 and 9600. In the coming days, price may continue to consolidate near current levels, but then there is a possibility of further decline. Despite this, our medium-term outlook remains positive.
Nearest resistance levels: 10500, 10800, 11000, 11200
Nearest support levels: 10150, 9800, 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate below the level of 16800. In case of continued rising dynamics, and fixation above 16800, the growth will continue until 17250 and 17500. On the other hand within the reduction, the price can return to the support at 16300. Our medium-term outlook remains positive.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 16300, 15850, 15400, 15000, 12500