20.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 fell slightly after trying to overcome the resistance level at 2100. In case of resumption of growth, quotations may reach 2120 and 2135. Overcoming historic highs around 2135 from the first attempt is unlikely. According to our forecasts, in the near future there is a high probability of price correction with the first targets at 2080 and 2040. Our forecast for next week remains negative.

Nearest resistance levels: 2100, 2120, 2135

Nearest levels of support: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 has stabilized after a sharp increase during which was able to overcome the strong resistance level at 10150 and return within the ascending channel. Fixing above given levels will be the signal for continued growth till 10800 and 11200. In case of correction, quotations may fall up to 9900. Our medium-term outlook remains positive.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 corrected after recent gains. In order to continue the positive dynamics, quotations need to overcome and gain a foothold above the level of 17250. Securing above this level will be signal for opening long positions with the targets at 18000 and 18600. Our medium-term outlook remains positive, but we expect a decline in the next few days.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16500, 15700, 15400, 15000, 12500

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