08.09.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 shows moderate growth within the local rising channel and may soon reach the levels of 2195-2200. Overcoming these marks will be the basis for continued growth until 2250. In the near future there is a possibility of falling prices, and in this case the first targets will be 2170 and 2150 fixation below which will be a strong signal to sell with the targets 2100 and 2040. 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 continues to consolidate below 10800 and its overcoming will be the basis for continued growth of quotations to 11200 and 11600. After a long consolidation there is a high probability of price correction to 10500 and fixing of quotations below this level will be a signal to sell with the objectives 9800 and 9300. Our medium-term outlook remains negative and we expect the beginning of the fall in the near future.
Nearest resistance levels: 10800, 11000, 11200
Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 broke the lower border of the local rising channel and may soon overcome the important level of 16800, which will be a signal to sell with targets at 16300 and 15850. The upward dynamics in the near future may resume with potential targets at 17250-17500. Our medium-term outlook remains negative.
Nearest resistance levels: 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500