13.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to decline after has overcome the level of 2150. As a result, quotations reached the first target at 2120, and in case of continuation of the negative dynamics we forecast the fall to 2040 and 2000. On the other hand, the increase within the correction is limited by the resistance level at 2150. Our medium-term outlook remains negative and we expect the fall 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 continued to the fall during which has fallen below the level of 10500. In case of continuation of negative dynamics, we expect a drop in prices to 10300. In case of resumption of growth quotations may reach the resistance at 10800, but overcoming it is unlikely. Our medium-term outlook remains negative and we expect a further decline in the near future.

Nearest resistance levels: 10500, 10800, 11200, 11600

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

The price of the futures on the Japanese stock index Nikkei225 showed a sharp decline within which has broken through the support at 16800, which is the basis for the further fall of price to 16550 and 16300. Fixing below 16300 will be a strong stimulus for reducing the price to 15850 and 15400. The growth in the near future is limited by the levels of resistance at 17000-17250. Our medium-term outlook remains negative and the current fall is likely to continue in the near future.

Nearest resistance levels: 16800, 17000, 17250, 17600, 18000

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

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