17.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow gradually and approached the resistance level at 1910. In case of breaking this level, rising dynamics may continue until 1950. In the near future there is a possibility of correction of price to the level of 1860 after which the negative dynamics may continue until 1820. 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 renewed growth and approached to the level of 9300. In case of breaking through it, the upward price movement will continue until 9800, and the upper limit of the downward channel. On the other hand, there is a possibility of renewed negative dynamics with the potential of reaching the levels 9000 and 8700. Our medium-term outlook remains positive in spite of the possible resumption of fall in the near future.

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 continues to consolidate near the important level of 16000. Fixing above this mark will be a signal for opening long positions with the closest targets at 16600, 17250 and 18000. On the other hand, the drop is limited by the support level at 15000. We expect growth in the near future and medium term.

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

Nearest support levels: 15000, 12500

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