15.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating below the historical maximum at 2188. Further growth of quotations is limited by the resistance at 2200. In case of decrease signal to sell will be breaking through the inclined support line and fixation lower than the local minimum at 2175. In this case the target levels will be 2150 and 2100. Our medium-term outlook remains negative and we expect the beginning of the correction in the near future, with the potential of reduction up to 2000 and 1950.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continues to consolidate below 10750 and the upper boundary of the rising channel. A further increase of quotations is possible to the levels 11200 and 11500. At the moment, there is a possibility of price correction within the channel, and in case of fixing beyond the channel, target levels will be 10150 and 9600. Our medium-term outlook remains negative and we expect the fall in the near future.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate around the level of 16800. Fixing above this level is the basis for further increase up to 17250 and 17500. According to our estimates, the growth potential is limited and the probability of correction has increased significantly recently. In case of decrease first targets will be 16550 and 16300. Our medium-term outlook remains negative.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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