15.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed a minor correction and approached the inclined support line. In the near future, quotations may continue its upward movement along a given line and reach an important level of 2200. After a long period of growth there is a high probability of correction in case of breaking through the inclined line of support and the level of 2150, we expect to see a further reduction of quotations with potential targets at 2020 and 1980. The increase can continue in the near future, but we maintain a medium-term negative outlook.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30corrected after approached the resistance level at 10150. A further increase in the near future is limited by the levels of 10300 and 10500. According to our estimates, quotations will correct in the near future and return to the levels of support near 9600 and 9300. The current upward dynamics may continue in the near future but the medium-term outlook remains negative.

Nearest resistance levels: 10150, 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 is consolidating around the important level of 16550 after showed strong growth in the previous days. Overcoming this level and fixation above it will be the basis for continued rising dynamics to 17250 and 17500. In case of correction quotations will return to the levels of 16300 and 15850. We expect the beginning of price correction in the near future.

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

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

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