18.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 not been able to gain a foothold above the level of 2080 and at the moment is below this mark. In case of continued growth and overcoming the level of 2080, the price will reach the level of 2100. In the near future, the price may fall to 2040 and breaking of this level will be a signal to sell with the objectives at 2000, 1980 and 1950. According to our estimates the growth potential in the near future is limited and there is a significant probability of resumption of a downward price movement.

Nearest resistance levels: 2080, 2100, 2120, 2135

Nearest levels of support: 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 corrected after failed to overcome the strong resistance level near 10150. In case of fixing the price above this mark, we recommend to open long positions with potential targets at 10800 and 11200. On the other hand, there is a possibility to open short positions with a stop above 10150 and the objectives 9600, 9300 and 8750. The probability of fall in the near future has grown significantly.

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

Nearest levels of support: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 corrected after failed to overcome the level of 17000. Currently quotes are near level of 16500 and in case of the resumption of negative dynamics may return to local minimums near 15400-15700. The growth in the near future is limited by strong resistance at 17250. Our medium-term outlook remains positive, despite the possibility of a fall in the near future.

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

Nearest support levels: 16500, 15700, 15400, 15000, 12500

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