09.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 within the fall approached the local minimum around 1820 and at the moment is corrected downwards. In case of breaking through the level of 1820 quotations will continue to fall until 1780 and 1750. On the other hand, the correction may continue until 1910. Our medium-term outlook remains negative, despite the current corrective rally.

Nearest resistance levels: 1860, 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continues to fall after breaking through the support level at 9300. As a result, quotations reached the level of 9000 and overcoming it will be the cause for the continuation of negative dynamics to 8500. Within the correction quotations will return to the range of 9300-9600. Our medium-term outlook remains positive, but soon quotations will probably continue to move in the descending channel.

Nearest resistance levels: 9000, 9300, 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 8500, 7900, 7500

German Currency Data

The price of the futures on the Japanese stock index Nikkei225 after the rebound from the level of 16600, quotations resumed their decline to 16000. The breaking of such support will lead to further reduction of price to 15000. At the moment, there is a significant probability of a rebound with the first targets at 16600. Our medium-term outlook remains positive, but the fall in the coming weeks may continue.

Nearest resistance levels: 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16000, 15200, 15000, 12500

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