20.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 accelerated the fall after was not able to overcome the resistance level at 1910 and resumed decline. As a result, quotations broke through the support at 1850 and the nearest target levels will now be 1780-1800. Our medium-term outlook remains negative and we are waiting for the continuation of the negative dynamics in the near future.

Nearest resistance levels: 1850, 1886, 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continued to decline inside the descending channel, and was able to overcome support at 9400. In the near future quotations may continue decline to 9000 and 8500. The price correction is possible until 9800 and 10000. We expect a continuation of the negative dynamics of price in the near future, but in the medium term growth will resume.

Nearest resistance levels: 9400, 9600, 10000, 10400, 10800, 11000, 11200, 11400, 11800

Nearest support levels: 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after fixing below 17200, continued to decline along the inclined support line. In the near future quotations may continue decline to 16000 and 15200. After a strong decline we can see a small correction. In the coming weeks, negative trend is likely to continue.

Nearest resistance levels: 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000, 20400

Nearest support levels: 16500, 16000, 15200

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