11.07.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has risen to historic highs around 2135 and in case of continued growth can reach the level of 2150. On the other hand, there is a high probability of resumption of negative dynamics of price with the nearest objectives at 2080 and 2040. In this case it is necessary to set the stop above the level of 2135. Our medium-term outlook remains negative.
Nearest resistance levels: 2150, 2200
Nearest support levels: 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1800
The price of the futures on the German stock index DAX30 has shown strong growth during which reached the resistance level at 9800. In the near future we may see a decline in prices and the closure of the gap. To continue the growth with its closest objectives at 10150 and 10300, quotations need to gain a foothold above 9800. In the near future there is a possibility price decline to 9600 and 9300. Our medium-term outlook remains negative.
Nearest resistance levels: 9800, 10150, 10500, 10800, 11000, 11200
Nearest support levels: 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 broke through the inclined resistance line and has shown strong growth during which has reached an important level of 15850 and was able to break it. After strong growth is likely rollback of price down to 15400. Fixing above 15850 will confirm a buy signal with the objectives at 16300 and 16800. Our medium-term outlook remains negative.
Nearest resistance levels: 16300, 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 15850, 15400, 15000, 14000, 13600, 12500