08.07.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is consolidated around the level of 2100 and in case of continuation may reach 2120 historic highs near 2135. The signal to sell in the near future may become fixation of price below 2080. In this case, the target levels will be 2040 and 2020. Our medium-term outlook remains negative and growth potential in the near future is limited.
Nearest resistance levels: 2100, 2120, 2135
Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 shows growth and in the near future may reach the resistance level at 9600, after which growth may continue until 9800. In order to continue negative dynamics with the first targets at 9000 and 8750, the price needs to break through the support at 9300. Our medium-term outlook is negative and we are waiting for the resumption of the negative dynamics in the near future.
Nearest resistance levels: 9600, 9800, 10150, 10500, 10800, 11000, 11200
Nearest support levels: 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 continued to decline along the inclined line of resistance the breaking through which and fixation above the level of 15400 will be the basis for opening long positions with a stop below 15000 and objectives at 15850 and 16400. On the other hand, a breaking of support at 15000 will lead to a further reduction of price to 14000, and 13600. In the near future we can see a correction, but the probability of continuation of negative dynamics remains high.
Nearest resistance levels: 15400, 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 15000, 14000, 13600, 12500