13.04.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 demonstrated strong growth during which was able to break through the inclined resistance line and as a result approached the resistance at 2080, after overcoming of which, closest target level will be 2100. In case of resumption of the negative dynamics, confirmation of signal for the opening short positions will be overcoming support at 2040. Our forecast for the coming weeks remains negative, but we do not exclude the continuation of the current growth in the near future.
Nearest resistance levels: 2080, 2100, 2120, 2135
Nearest levels of support: 2040, 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 after breaking through the level of 16000, continued rapid growth and reached 16500. Overcoming this level will be the basis for continued growth of quotations with the objectives at 17000-17250. On the other hand, after a strong increase there is the probability of fixing positions, causing rollback of price. Our medium-term outlook remains positive, but we may see a correction in the near future.
Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 15700, 15400, 15000, 12500