12.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not break through the inclined resistance line and was able to overcome the support level at 2150. Fixing of price below this level will be the basis for the continuation of the negative dynamics to 2120, 2040 and 2000. Our medium-term outlook remains negative and we expect a decline in quotations in the near future.

Nearest resistance levels: 2150, 2195, 2200, 2250

Nearest support levels: 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 broke through the upper limit of the local downward channel and at the moment is trying to gain a foothold above it. In case of success increase will continue to 10800. More likely in the near future and medium term will be a fall of price. A signal to sell in this case will be fixing of price below 10300, which will be the basis for a fall to 9800 and 9300.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 corrected down and returned to the level of 16800. In case of resumption of growth, the closest targets will be 17250 and 17600. On the other hand, there is a high probability of breaking through the level of 16800, which will be the reason for the further reduction of quotations to 16300. Our medium-term outlook remains negative, but we do not exclude the increase in the near future.

Nearest resistance levels: 17000, 17250, 17600, 18000

Nearest support levels: 16800, 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200

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