11.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate above the level of 2175 and in the near future may continue to grow to an important levels of 2200. In case of breaking through the inclined line of support and fixation of quotations below the level 2175, we are forecasting a continuation of negative dynamics of price to 2100 and 2040. Our medium-term outlook remains negative.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continued growth inside the rising channel and in the near future can reach the target level of 10800 the overcoming of which will be the basis for further growth of quotations to 11200. In case of correction, quotations will return to the bottom of the channel and the level of 10300, the overcoming of which will be a signal about change of trend to the negative. Our medium-term outlook remains pessimistic.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued consolidation within the range 16550-16800. Overcoming the upper boundary of the corridor and fixation above it will be a strong signal for continued growth until 17250. Our medium-term outlook remains negative and a signal to sell in the near future will be the consolidation of quotations below 16550.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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