18.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown a rise in volatility after broke through the inclined support line. Currently quotes have resumed growth and can continue it to the psychologically important level of 2200. The potential for growth is low, and a signal to sell will be fixing below 2175. In this case, the targets will be 2100 and 2040. Our medium-term outlook remains negative and we expect a decrease in the near future.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 decreased within the channel and approached its bottom, and the level of 10500. In the near future there is a possibility of rebound from these levels and continued growth within the channel to the levels of 10800 and 11200. The signal to sell in case of continuation of negative dynamics will be price fixing below the level of 10500. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to decline after breaking through the support at 16550. Fixing of price below this level is a strong signal to sell with closest targets at 16300 and 15850. In case of resumption of negative dynamics quotes will return to the levels 16800-16900. Our medium-term outlook remains negative and we expect a fall in the near future.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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