21.03.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the level of 2050 and continues to consolidate around this mark. Overcoming this resistance will be the basis for further growth of price to 2080 and 2100. On the other hand there is a possibility of price correction within the channel to rising channel's lower border. Fixing of price below the level of 2020 will be a signal of trend reversal to the negative. We expect the price correction in the near future.
Nearest resistance levels: 2050, 2065, 2080
Nearest levels of support: 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 showed strong growth and has overcome the psychologically important level of 10000. For the continuation of the upward trend, the price needs to gain a foothold above the level of 10150. In this case, the rising price dynamics will continue till 10800 and 11200. In the coming days, we may see a drop in prices to the level of 9600 and lower limit of the channel. Our medium-term outlook remains positive.
Nearest resistance levels: 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate above the level of 16500 and in case of overcoming it, may continue to decrease to 15700 and 15000. For the continued growth, quotes need to break through and gain a foothold above the level of 17250. We maintain our medium-term positive outlook and expect growth in the near future.
Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels are: 16500, 15700, 15000, 12500