14.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue to fall after breaking through the inclined support line and resumed growth within which was able to reach the level of 2020. With further growth, quotations will reach the level of 2050. In case of resumption of the negative dynamics, a signal to sell will be fixation under the inclined support line. In this case, the target levels will be 1910 and 1860. Current growth may continue in the near future, but we expect the price correction in the near future.

Nearest resistance levels: 2020, 2050, 2065, 2080

Nearest levels of support: 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 shows the steady growth within which has reached the upper limit of the rising channel. Currently quotes are at the psychologically important mark of 10000, and after overcoming the next resistance at 10150, the growth may continue until the 10800 and 11200. In case of correction, quotations may fall to the level of 9600. Our medium-term outlook remains negative.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after a sharp decline within the rising channel has reached its lower boundary and rebounded upwards. Currently quotes are around resistance level at 17250 and its overcoming will be the basis for continued growth of price up to 18000 and 18600. Our medium-term outlook remains positive and we expect continued growth in the near future.

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

Nearest support levels are: 16300, 15700, 15000, 12500

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