11.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the inclined resistance line, but failed to gain a foothold below it and returned the previously lost positions. With further growth, the nearest target levels will be 2020 and 2050. Despite recent growth, we expect the resumption of the negative dynamics of price and reaching the levels of 1950 and 1910. Our forecast for the nearest weeks is negative.

Nearest resistance levels: 2020, 2050, 2065, 2080

Nearest levels of support: 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 yesterday fell within the ascending channel, and today shows steady growth and has returned within the range 9600-9800. A further increase in prices in the near future is limited by the level of 10150 fixing above which will be the signal for continued growth to 10800 and 11200. We expect growth in the near future and medium term.

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

Nearest levels of support: 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has fallen to the lower boundary of the rising channel and rebounded upwards. To continue the growth quotations need to overcome the level of 17250. In this case, a rising dynamics will continue to 17500 and 18000. The fall is limited by the lower boundary of the descending channel. Our medium-term outlook is negative.

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

Nearest support levels are: 16300, 15700, 15000, 12500

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