14.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 bounced upwards after previously fell to the level of 2120. In case of continued negative dynamics and fixing of price below the level of 2100, we expect a continuation of negative impulse until 2040 and 1980. The growth in the near future is limited by the level of 2150 and an inclined resistance line. Our medium-term outlook remains negative and we are waiting for the fall in the near future.

Nearest resistance levels: 2135, 2150, 2170, 2200, 2250, 2300

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

The price of the futures on the German stock index DAX30 continued to fall after fixed below 10500. Breaking through support level at 10300 will be the signal for the continuation of negative dynamics of price with the objectives at 9800 and 9300. In case of a rebound, quotes, may return to the level of 10500, after which the nearest resistance will be 10800. According to our forecasts, the fall of price will continue in the near future and medium term.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 is consolidating near the important support level at 16550 and its breaking through will be the basis for the continuation of negative dynamics of price with potential targets at 15850 and 15400. Correction of price in the near future is possible to the level of 16800 and an inclined resistance line. Our medium-term outlook remains negative and the probability of decline in the near future is also high.

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

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

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