14.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was able to overcome the local maximum of 2080 after broke through the inclined resistance line. In the near future the price growth is limited by the resistance level at 2100, the overcoming of which will be the basis for further growth until 2120 and 2135. In case of renewal the negative dynamics, the closest target levels will be 2040-2050 after breaking through which the price can fall to 2000. We still expect the resumption of the negative dynamics of price 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 showed an increase and reached the psychologically important level of resistance at 10000. In case of overcoming the local maximum near 10150 and fixation above this level, we with a high probability expect the price growth to 10800 and 11200. In the near future there is a possibility of correction with the nearest targets at 9600 and 9300. Despite this, we keep a medium-term positive outlook.

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 shows steady growth during which was able to overcome the resistance level at 16500. In the nearest future, the growth of quotations may continue until 17250, the overcoming of which will be a signal for further growth with the objectives at 18000 and 18600. After a strong increase, we can see the price reduction to 16500 and 16000. Our medium-term outlook remains positive.

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

Nearest support levels: 16500, 15700, 15400, 15000, 12500

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