22.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the correction reached the level of 1910 and rebounded upwards. In case of continued rising dynamics and breaking through the nearest resistance level at 1950, we expect further growth of quotations until 1990 and 2020. At the moment, there is the possibility of renewed negative dynamics of price in case of fixing the price below the level of 1910 quotations will continue to fall until 1860 and 1820. Our forecast for the coming months remains negative.

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

Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continued growth within the local rising channel and may soon reach an important level of 9800. In case of its overcoming and breaking through the resistance at 10150, quotations will continue to rise and will reach the levels 10800-11000. Our medium-term outlook remains positive, and the current growth can continue in the near future.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9300, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate near the level of 16000. Growth of quotations in the nearest future is limited by the resistance at 16600, after overcoming of which growth will continue until the 17250 and 18000. The fall is limited by a local minimum at 15000. We expect growth in the medium term, despite a possible drop in the nearest future.

Nearest resistance levels: 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16000, 15000, 12500

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