08.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise after rebounded from the inclined line of support and has overcome the important level of 2170. Now quotations updated historical maximum and in the near future may continue to rise until 2200. In case of resumption of negative dynamics confirmation of the signal to sell will be fixing of price below the level of 2150. Our medium-term outlook remains negative.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 has shown strong growth after a renewed positive dynamics within the rising channel. As a result, quotations approached the important resistance level at 10500, the overcoming of which will be the basis for continued rising dynamics to 10800 and 11000. The breaking of the local ascending channel's lower border and local minimum at 10150 will be a strong signal to sell with the targets at 9600 and 9300. Our medium-term outlook is negative.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has shown strong growth as a result of which broke through the upper limit of the local descending channel and the level of resistance at 16550. In near future, quotations may continue to rise to 16800 and 17250. Within the closest objectives correction will be 16300 and 15850. Our medium-term outlook remains negative, despite the possibility of continuing current upward impulse in the near future.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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