11.10.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected upwards to an inclined line of resistance, and approached the level of 2170. At the moment the quotes decrease and soon will likely continue the current trend. The signal to sell with targets at 2120, 2040 and 2000 will be fixation lower than 2150. After a long consolidation, we expect a strong price movement.
Nearest resistance levels: 2195, 2200, 2250
Nearest support levels: 2150, 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 broke through the upper limit of the downward channel, and in the near future may continue increase to 10800. Fixing of price above this mark will be the basis for further price increase up to 11200 and 11600. On the other hand, there is an increased probability of resumption of negative dynamics with the first target at 10300 and fixation below this level will be the signal to sell with the potential of reduction to 9800 and 9300. Our medium-term outlook remains negative.
Nearest resistance levels: 10800, 11200, 11600
Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 fixed beyond the triangle, and continued growth after overcoming the important level of 16800. At the moment quotes are near 17000 and the following targets will be 17250, 17600 and 18000. In case of correction. the price can return to the support at 16800. Our medium-term outlook remains negative, but we can see continued growth in the near future.
Nearest resistance levels: 17000, 17250, 17600, 18000
Nearest support levels: 16800, 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200