18.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken the resistance level of 1910 and continued to grow. In the near future quotations may reach the level of 1950 and overcoming it will lead to further growth until 1990 and 2020. In the nearest future we may see a drop in prices within the correction until 1910 and 1880. According to our estimates, the drop in prices will resume in the near future until 1860 and 1820. Our medium-term outlook remains negative.
Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080
Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 continues to show growth after failed to break through the resistance level at 9300. In the near future, rising dynamics of prices will be limited by the level of 9800 and the upper border of the channel. After the recent growth is probable the resumption of negative price dynamics. Our medium-term outlook remains positive.
Nearest resistance levels 9800, 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9300, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 shows a gradual growth, but continues to be around the level of 16000. Securing of price above this level is the basis for continued growth with the potential of achieving the levels 16600 and 17250. In the case of resumption of negative dynamics quotes will reach the level of 15000. Our medium-term outlook remains positive.
Nearest resistance levels: 16000, 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 15000, 12500