12.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not overcome the resistance level at 2080 and resumed falling. In case of continued negative dynamics quotes may reach the level of 2040, fixing below which will become the basis for the continuation of negative dynamics with the objectives at 2000 and 1950. Our forecast for next week remains negative and we expect a continuation of the current negative dynamics.

Nearest resistance levels: 2080, 2100, 2120, 2135

Nearest support levels: 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 continued to fall after failed to overcome the resistance level at 10150, and the upper limit of the local downward channel. In the near future quotes with a high probability will reach level of 9800, after which the decline may continue until 9600. Our medium-term outlook remains positive, despite a likely decline in the near future.

Nearest resistance levels: 10150, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 after the recent correction, resumed growth and before long may continue the upward momentum to the level of 17250, fixing above which will be the basis for continued growth with targets at 18000 and 18600. In case of resumption of negative dynamics quotes may return to the mark of 15850 and 15400. Our medium-term outlook remains positive, despite a possible decline in the near future.

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

Nearest support levels: 16500, 15850, 15400, 15000, 12500

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