21.01.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued decline within the descending channel after the recent correction to the upper boundary, and has resumed falling. After overcoming the level of 1850, the nearest target levels will be 1780-1800, after which we can see the correction of price. We expect the price decline in the near future and may see a correction soon.
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 continues to decrease within the local descending channel and currently is consolidating around the level of 9400. The next upside target levels are 9000 and 8500. Within the correction, the quotes will return to a mark of 10000. We expect the fall in the near future, but soon may see the correction.
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 continues to decrease gradually along the inclined support line. Currently quotations reached an important level of 16000 and its overcoming will lead to the continuation of the negative dynamics to 15200. In case of starting the correction, the price will rebound up to 17000-17200. In the near future we can see a sharp increase, but the current trend remains negative.
Nearest resistance levels: 16500, 17000, 17500, 18000, 18600, 19000, 19400, 19700, 20000
Nearest support levels: 16000, 15200