18.01.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to decline gradually within the descending channel and currently is consolidating around the level of 1186. The price correction is limited by the resistance level at 1910 and the upper limit of the downward channel. At the same time, after overcoming 1886 the closest target level will be 1850. Our medium-term outlook remains negative, but we do not exclude the correction in the near future.
Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080, 2100, 2120
Nearest support levels: 1886, 1850, 1780
The price of the futures on the German stock index DAX30 continues to decline and now is near the lower limit of the downward channel. The target level for the likely continuation of the negative dynamics will be 9000. On the other hand after a strong decline there is a possibility of correction to 9800-10000. Our medium-term outlook remains positive, despite a likely continuation of falling in the near future.
Nearest resistance levels: 9600, 10000, 10400, 10800, 11000, 11200, 11400, 11800
Nearest support levels: 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continues to decline and is currently trying to gain a foothold below the important level of 17000, after which the decline may continue until 16500 and 16000. According to our estimates, tomorrow the activity of investors on the market will grow. We expect a decline in the near future, but in the medium term growth will resume.
Nearest resistance levels: 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400
Nearest support levels: 16500, 16000, 15200