10.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the support level at 2040 and as a result has overcome the inclined resistance level. In the near future quotations can return to the important 2080 level of and inclined resistance line. Further growth is limited by the levels of 2100 and 2120. We expect the resumption of the negative dynamics in the near future and breaking through the support level at 2040 will be the basis for the further reduction of quotations to 2000, 1950 and 1915.

Nearest resistance levels: 2080, 2100, 2120, 2135

Nearest support levels: 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 after the rebound from the level of 9800, was able to approach the level of resistance at 10150. Overcoming and fixing above this level will lead to further increase of price up to 10500, and 10800. In case of resumption of negative dynamics, the first targets will be 9600 and 9300. We maintain our medium-term positive outlook, but are waiting for decrease in the coming weeks.

Nearest resistance levels: 10150, 10800, 11000, 11200

Nearest support levels: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to rise gradually after rebounded from the support level at 15850. In case of continuation of the current upward movement, quotes will reach the resistance levels at 16500 and 17250. On the other hand, after overcoming the level of 15850, quotes will drop to 15400 and 15000. Our medium-term outlook remains positive.

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

Nearest support levels: 16500, 15850, 15400, 15000, 12500

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