13.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking through the level of 2150 is trying to gain a foothold above it. In case of success the growth may continue until 2170 and 2200. On the other hand, after the strong upward impulse there is a high probability of downward price rollback and in this case, targets will be in 2120 and 2040. Our medium-term outlook remains negative and the potential for further increase is limited.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30 is consolidating after the strong growth within which quotes were able to overcome the resistance at 9800. The next upside target levels are 10150 and 10300. We expect the resumption of negative dynamics in the near future, with the potential of fall to 9600 and 9300. Our medium-term outlook is 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 corrected after the strong growth in the previous trading session. As a result, quotes reached a level of 16300 and a further decline is possible up to 15850 and 15400. Growth is limited by the resistance at 16800. We expect continued the current positive trend in the near future.

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

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

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