12.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to move within the local descending channel, but could not gain a foothold below the level of 1820 and at the moment is corrected upwards and can continue to grow until 1860 and the upper boundary of the channel. In case of overcoming this level, we can see the price increase to 1910. Our forecast for the coming months remains negative, but the current growth is likely to continue today.
Nearest resistance levels: 1860, 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080
Nearest levels of support: 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 continues to move along the bottom boundary of the descending channel after the recent price correction. Currently quotes are near the level of 9000 and in case of breaking through the angled line of resistance, the growth will continue until 9300 and 9800. Our medium-term view remains positive, but the current decline may continue in the near future up to 8500 and 7900.
Nearest resistance levels 9000, 9300, 9800, 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 continued to fall within which reached the psychologically important level of 15000. In order to overcome this mark will be needed a strong impulse, and at the moment there is a high probability of a rebound of prices upwards to the nearest targets at 16000 and 16600. Our medium-term outlook remains positive and we are awaiting the ascending correction in the near future.
Nearest resistance levels: 16000, 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 15000, 12500