12.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the level of 2175 and at the moment is consolidating around historic highs. Further increase of price is limited by the level of 2200. The signal about change of the trend will be breaking through the inclined support line and fixing the price below the level of 2175. Our medium-term outlook remains negative and we expect a soon resumption of negative dynamics.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continued growth along the upper boundary of the rising channel and may soon reach the target level of 10800, the jvercoming of which will be the basis for continued growth to 11200 and 11600. The correction is limited by the lower border of the channel and the level of 10300. Our medium-term outlook remains negative with potential targets at 9300 and 8750.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued growth and has overcome the resistance at 18600. Fixing above this level will be the basis for continued growth to 17250 and 17500. In case of change of the current dynamics to negative, the signal to sell will be price fixing below 16550. Our medium-term outlook remains pessimistic and we expect the beginning of reduction in the near future.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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