19.10.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was not able to overcome the level of 2150 and returned to the mark of 2135 around which is consolidating at the moment. In case of resumption of growth it can increase to an inclined resistance line. In case of continued negative dynamics and overcoming the support at 2120, we forecast the fall to 2040 and 2000. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

Nearest resistance levels: 2150, 2195, 2200, 2250

Nearest support levels: 2120, 2040, 2000, 1950, 1940, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 continued its growth after has overcome the resistance at 10500. While maintaining the rising impulse, quotations will reach the level of 10800, the overcoming of which will be the basis for the continuation of the rising dynamics up to 11200, and 11600. We expect a decline in the near future and maintain the medium-term negative outlook with the first targets at 9800 and 9300.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after the recent growth is consolidating below the level of 17000 and overcoming of this level will be the basis for continuation of the rising dynamics of price to 17250 and 17600. We expect the resumption of negative dynamics in the near future with the first targets at 16300 and 15850. Our medium-term outlook also remains negative.

Nearest resistance levels: 17000, 17250, 17600, 18000

Nearest support levels: 16800, 16500, 16300, 16000, 15850, 15650, 15500, 15350, 15200

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