19.05.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 tries to break through the strong support level at 2040. Fixing of quotations below this level will confirm the sell signal with the targets 2000, 1950 and 1915. The correction is possible up to inclined line of resistance and the level of 2080. The probability of price decline in the near future has grown considerably.
Nearest resistance levels: 2040, 2080, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 continues moving inside the local descending channel, and at the moment is near the important level 9800, a break of which will be the basis for the continuation of negative dynamics with the potential of achieving the marks 9300 and 9000. The growth in the near future is limited by the resistance at 10150. Our medium-term outlook remains positive, despite the probable decline in the near future.
Nearest resistance levels: 10150, 10800, 11000, 11200
Nearest support levels: 9800, 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate below resistance at 16800. If the price fixates above this mark, we expect continued upward momentum to 17250 and 17500. On the other hand, currently quotes are trying to gain a foothold quotes outside of the rising channel's lower border. In case of success, we expect a decline to 15850 and 15400. Our medium-term outlook is positive, despite a possible drop in the near future.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 16500, 15850, 15400, 15000, 12500