17.10.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after the recent rebound to the level of 2150, has resumed falling and is currently located around the level of 2130. In order to continue negative dynamics, the price needs to overcome the support at 2120. It should be recalled that fixation lower than 2150 was a confirmation of the signal to sell with the targets at 2040 and 2000. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 2150, 2195, 2200, 2250
Nearest support levels: 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 was not able to continue the strong ascending impulse and as a result returned to an important level of 10500. In case of continued rising dynamics, quotations may reach the level of 10800. A more likely scenario, according to our estimates, will be overcoming of support at 10300 and further reduction with targets at 9800 and 9300. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 10500, 10800, 11200, 11600
Nearest support levels: 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 rebounded from the inclined support line and again approached the psychologically important level of 16800. In case of a further increase, growth will continue to 17250 and 17500. On the other hand the closest targets during further reduction will be 16550 and 16300, the overcoming of which will be the basis for the continuation of negative dynamics of price with the objectives at 15850 and 15400.
Nearest resistance levels: 16800, 17000, 17250, 17600, 18000
Nearest support levels: 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200