12.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps consolidating above the level of 1910 and in case of overcoming this level of support will continue to decline until 1886 and 1850. On the other hand, a break through the upper boundary of the descending channel will be the basis for the growth of quotations to the level of 1950. We expect a fall in price, but do not exclude short-term correction.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080, 2100, 2120, 2135

Nearest support levels: 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 after reaching the bottom of the channel, started to correct upwards and at the moment is near the psychologically important levels of 10000 Continued growth of price is possible up to 10400 and 10800. In case of fixing of quotations below the level of 10000, the decline will continue until 9600 and 9000. Our medium-term outlook remains positive, despite the possible continuation of the negative dynamics.

Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 stopped a decrease and is currently about the level of 17500. If the price fixates beyond the local descending channel and above the level of 17500, growth will continue to 18000 and 18600. Our medium-term outlook remains positive, and in the near future we may see an upward correction.

Nearest resistance levels: 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400, 20650

Nearest support levels: 17000, 16500, 16000, 15200

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