12.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the level of 2050. In case of breaking through the inclined line of resistance, we expect continued growth of quotations to the level of 2080. On the other hand, the more likely is the resumption of negative dynamics. In case of opening short positions, the stop must be installed above the level of 2080, and in this case target levels will be 2000, 1980 and 1950. Our forecast for next weeks remains negative.

Nearest resistance levels: 2050, 2065, 2080, 2100, 2120, 2135

Nearest levels of support: 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 after breaking through the inclined resistance line, continues a gradual growth, and iт сase of its continuation, will reach 10150. Overcoming this level will become a strong stimulus for continued growth up to 10800 and 11200. On the other hand, there is a possibility of the price fall in the near future up to 9300 and 9000. We forecast growth in the medium term, bu may see a continuation of a downward correction in the near future.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 tries to gain a foothold above the important level 15700 and overcome 16000. In case of success, quotations will continue to rise up to 16500 and 17250. With the resumption of negative dynamics, the closest target level will be 15000. We expect the new signal to open positions and maintain a medium-term positive outlook.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15400, 15000, 12500

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