13.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has continued a drop after could not break through the inclined resistance line. In the near future, quotations may fall to 2040, and consolidation below this level will be a basis for future reduction of quotations to 2000 and 1950. Our forecast for next week remains negative, and growth is limited by the level of 2080.

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 has continued falling and reached the lower boundary of the local descending channel and the level of 9800, the overcoming of which will be the basis for further falling of price to 9600 and 9300. In case of the rebound from the current levels, quotations will return to the upper boundary of the channel and the level of 10150. Our medium-term outlook remains positive, but the decline may continue 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 corrected to the local ascending channel's lower border and continues its consolidation near the level of 16500. In the near future quotations may bounce upward and continue the growth with the first target at 17250. The breaking of the bottom boundary of the channel will be the basis for the reduction of quotations to 15850 and 15400. Our medium-term outlook remains positive, despite a possible drop in the short term.

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

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

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