12.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 renewed historical highs and continued growth after overcoming the level of 2135. As a result, the closest target levels are 2150 and 2200. It is worth noting the high risk of price correction after the strong growth. In case of a change of trend, target levels will be 2080 and 2040. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics in the near future.

Nearest resistance levels: 2150, 2200

Nearest support levels: 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1800

The price of the futures on the German stock index DAX30 was able to overcome the resistance level at 9800, and this fact is the basis for the continuation of the upward price movement to 10150 and 10300. In case of resumption of negative dynamics, we expect a decline in prices to 9600 and 9300. Our medium-term outlook remains negative.

Nearest resistance levels: 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to rise and as a result has reached resistance level at 16300. It is worth noting that earlier overcoming the level of 15850 was a signal of change of the trend to positive, and we expect continued growth in the nearest future to 16800, after which the growth may continue until 17250. Despite the expectation of growth in the nearest future, we expect the resumption of negative dynamics in the medium term.

Nearest resistance levels: 16300, 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 15850, 15400, 15000, 14000, 13600, 12500

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