19.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking through the inclined support line, continued to consolidate around the levels 1160-1165. In case of resumption of growth, quotations may reach an important mark 2200. According to our forecasts, the probability of reduction of quotations within the correction in the near future has increased significantly and confirmation of the signal to sell will be price fixing below 2150. Our medium-term outlook remains negative.

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 decreases after some consolidation of price below 10150. The probability of continuation of the current negative dynamics is high, and we expect reaching the levels 9800 and 9600 in the near future. Growth is limited by resistance levels at 10150 and 10300. We expect the fall in the coming days and the medium term.

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 is consolidated around the level of 16550 and after a long period of consolidation, we expect to see strong price movement. Growth is possible to 16800 and 17250, but more likely according to our estimates is decrease of price the in near future with the objectives at 15850 and 15400. We forecast a drop 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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