10.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is rising after the rebound from the support level at 1820. At the moment, quotations have overcome the important level of 1820 and in the near future may continue to rise until 1910. On the other hand, continuation of the fall, and breaking through the level of 1820 will be the basis for further price reduction until 1780 and 1750. Our forecast for the coming months remains negative.

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

Nearest levels of support: 1860, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 bounced up after reaching the descending channel's lower border and in the near future may continue to correct within it. The next upside target levels in case of further growth will be 9300 and 9800. In case of a fall, the price will reach the level of 8500. Our medium-term outlook remains positive, and the current correction may continue in the coming days.

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

Nearest levels of support: 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 rebounded from the level of 15500 and reached the upper limit of the local downward channel. Its breaking through will lead to further growth of price with the closest target at 16600. The probability of such scenario in the near future is above average. Our medium-term outlook is positive.

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

Nearest support levels: 16000, 15200, 15000, 12500

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