11.04.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 increased slightly, but continues to consolidate around the level of 2050. In case of overcoming the inclined resistance line, growth is likely to continue until 2080 and 2100. A more likely scenario according to our forecast is a continuation of the negative dynamics of price with the first targets at 2000 and 1980. We maintain a negative outlook for the next weeks.
Nearest resistance levels: 2065, 2080, 2100, 2120, 2135
Nearest levels of support: 2050, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780
The price of the futures on the German stock index DAX30 broke through the inclined line of resistance, but continues to be near the important level of 9600. The growth of prices in the near future is limited by the level of 10150. Despite the current growth, remains the possibility of the resumption of the negative dynamics of price with the closest objectives at 9300 and 9000. Our medium-term outlook remains positive.
Nearest resistance levels: 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 after a strong decline in the previous week, has stabilized around the level of 15700 and the amplitude of price fluctuations is reduced. In case of breaking through the level 16000, growth may continue to 16500. On the other hand, the reduction is limited by the psychologically important mark on 15000. Our medium-term outlook remains positive.
Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 15700, 15400, 15000, 12500