15.01.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after correction to the inclined resistance line, resumed the fall and returned to the level of support at 1886, after overcoming of which we expect a further decline to 1850 and 1780. Within the correction quotations can return to 1910 and 1950. A more likely scenario according to our forecasts will be a continuation of the negative dynamics of price in near future and the next few months.
Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080, 2100, 2120
Nearest support levels: 1886, 1850, 1780
The price of the futures on the German stock index DAX30 continues to decrease gradually along the lower boundary of the descending channel and approached the level of 9600, after overcoming of which the closest target level will be 9000. In case of price rebound from this level, we expect growth to 10000. Our medium-term outlook remains positive, but negative current movement is likely to continue soon.
Nearest resistance levels: 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 was not able to return to the medium-term descending channel the limits of which left earlier and continued to decline within which broke the support level at 17000. In the nearest future decline is likely to continue to 16500 and 16000. Growth is limited by the resistance at 17500. We expect a decline in the near future.
Nearest resistance levels: 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400
Nearest support levels: 16500, 16000, 15200