18.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the inclined support line after failed to continue its upward movement. Currently quotes are around the level of 2165 and further price increase is possible up to 2200. The signal to sell with the first targets at 2120 and 2080 will be the price fixing below 2150. Our medium-term outlook remains negative and we expect a downward price movement in the near future.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30 continues to consolidate below the level of 10150 after failed to overcome this level. A further price increase is limited by the levels of 10300 and 10500. In the near future we expect to see a reduction in the price to the first targets at 9800 and 9600. Our medium-term outlook remains negative.

Nearest resistance levels: 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 keeps moving around the level of 16550 and a further increase is limited by an important level of 16800. In the near future quotes will probably show a decrease and confirmation the sell signal will be fixing the price below 16200. We expect to see a correction in the near future.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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