15.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 demonstrates strong growth within which was able to break the resistance level at 1860, and the upper limit of the local downward channel. The next upside target level is 1910 and in case of its overcoming the growth will continue until 1910. After the strong growth we expect to see a price correction. Our forecast for the coming months remains negative.

Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continued growth after the second time rebounded from the lower boundary of the downward channel. Current correction within the channel may continue until 9300, and after overcoming this level, the growth will continue until the top of the channel. Our medium-term outlook remains positive, but in the coming weeks, the decline may continue.

Nearest resistance levels 9000, 9300, 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after the rebound from psychologically important level of support at 15000, started to grow inside the descending channel and reached the resistance level at 16000 and the upper limit of the downward channel. In case of breaking through these levels, the growth will continue until 16600 and 17250. In the near future the price may continue falling within the channel, but we maintain a medium-term positive outlook.

Nearest resistance levels: 16000, 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15000, 12500

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