19.01.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 broke through the upper limit of the downward channel and reached the level of 1910. Overcoming this level will be the basis for the continuation of the upward price movement to 1950 and 1990. In case of resumption of negative dynamics quotations will return to the level of 1850. Our medium-term outlook remains negative, but the current correction might continue 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 was unable to gain a foothold outside the downtrend channel and returned to its boundaries. The growth in the near future, is possible up to 10000, and overcoming this mark will be the signal for the further growth of price up to 10400 and the upper boundary of the channel. Despite the current correction on the chart remains persistent negative trend.
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 has not fixed below level of 17000 and now is corrected upwards. Further growth is limited by the level of 17500 and its overcoming will cause further price increase to 18000 and 18600. In case of continuation of negative dynamics quotations will reach the level of 16000. We expect a significant correction in the near future, after the recent price decline.
Nearest resistance levels: 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400
Nearest support levels: 17000, 16500, 16000, 15200