19.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed an increase during which reached the inclined line of resistance and the level of 2150. Fixing above this level will be the basis for continued growth with the targets at 2170-2195. At the moment, there is a high probability of resumption of negative dynamics of price with nearest targets at 2100 and 2040. Our medium-term outlook remains negative and more likely will decrease in prices in the near future.

Nearest resistance levels: 2150, 2170, 2200, 2250, 2300

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

The price of the futures on the German stock index DAX30 is consolidated around the level of 10300 and in case of fixing below this level, we expect a further fall of price to 9800 and 9300. The increase in the correction is limited by the resistance at 10500. Our medium-term outlook remains negative and we expect a strong price movement in the near future.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 was not able to reach the support levels at 16300 and started to correct. In case of continued rising dynamics, quotations will return to the level of 16550 and the inclined resistance line. We forecast continuation of negative dynamics and in case of fixation below the level of 16300 the closest targets will be 15850 and 15400. Our medium-term outlook remains negative.

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

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

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