21.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued its growth and was able to overcome significant resistance level at 2170. This fact is the basis for continued growth of quotations to 2100. In case of correction, quotations may fall to 2150, fixing below which will be a signal to sell with potential targets at 2120 and 1980. Our medium-term outlook remains negative, but the growth may continue in the near future.

Nearest resistance levels: 2200

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 continued to rise and is currently trying to overcome the level of 10150. In case of success quotations will reach the levels 10300 and 10500. At the same time there is a high probability of correction. In this case, quotations will return to the levels of 9600 and 9300. Our medium-term outlook is negative, and the potential for growth in the near future considerably reduced.

Nearest resistance levels: 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to grow and at the moment is trying to gain a foothold above the level of 16800. In case of continued growth, the targets will be 17250 and 18000. On the other hand, there is a high probability of correction after a long period of growth and fixation lower than the local minimum at 16550 will be the basis for the continuation of a negative the price dynamics. Our short-term outlook remains negative.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500

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