11.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 within the recent growth was able to reach an inclined line of resistance and important level of 2080. The breaking of and fixing the price above given marks will be the basis for the continuation of the upward price movement up to 2100 and 2120. On the other hand, a more likely scenario is the resumption of a negative dynamics with targets at 2040 and 2000. Our forecast for the coming weeks remains negative.

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 approached the level of resistance at 10150 and the upper boundary of local descending channel, but could not overcome them and resumed the negative movement. In the near future quotations with a high probability will continue to fall until 9800 and 9600. Our medium-term outlook remains positive, but for continued growth with the first targets at 10500 and 10800, the price needs to overcome the level of 10150.

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 corrected downwards and can be fixed above the level of 16500. In case of success, quotations will continue to rise and will reach the level of 17250 after which may continue to grow and reach 18000 and 18600. The fall in the near future, is possible till 15850 and 15400. Our medium-term outlook remains positive, despite the possible a decrease in the near future.

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

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

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