14.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 reached a level of 2120, but then rebounded upwards. In case of continuation of the current corrective rally, quotations may return to the level of 2150. In order to continue negative dynamics, the price needs to overcome the level of support 2120 and in this case, the following targets will be 2040, and 2000. We forecast a drop in the near future and medium term.

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 corrected after the recent fall and returned to the upper boundary of the descending channel, the overcoming of which will be the basis for further price increase with a target at 10800. Our medium-term outlook remains negative and we look forward to an early resumption of negative dynamics with the closest objective at 10300, fixing below which will be a signal to sell with targets at 9800 and 9300. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 corrected upwards after failed to overcome an inclined support line. Current growth may continue in the near future up to 17000-17250. According to our forecasts, the decline resumed with the first target at 16550 and then may continue until 16300 and 16000. Our medium-term outlook remains negative, despite the possibility of growth 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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