16.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps consolidating below the level of 2020 and still is moving inside the rising channel. In case of breaking through 2020, the price will continue to grow until 2050. Today, we forecast a rise in volatility and in case of price fixing below the 1990 level, the decline will continue until 1950 and 1910. Our forecast for next week remains negative despite the current upward trend.

Nearest resistance levels: 2020, 2050, 2065, 2080

Nearest levels of support: 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 resumed growth after the recent correction and may soon reach the level of 10150. Fixing of price above this level will be the basis for further rise of price to 10800, and 11200. The fall is limited by the lower border of the channel, and the levels of 9600 and 9800. Our medium-term outlook remains positive and volatility will increase soon.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 corrected down after some consolidation around the level of 17250. A further price reduction is limited by the lower boundary of the ascending channel and its breaking through will lead to a continuation of the negative dynamics to 16300 and 15700. In case of overcoming the level of 17250, growth will continue to 18000 and 18600. Our medium-term outlook remains positive.

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

Nearest support levels are: 16300, 15700, 15000, 12500

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