22.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the level of 2050, and in case of breaking this level will continue to rise until 2080 and 2100. In case of the price correction, quotations will decrease until 2020 and the lower boundary of the channel. A signal to sell will be fixation below the level of 2000. Our forecast for the short term remains negative.

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 keeps consolidating near the level of 10000. In order to continue the growth of quotations inside the rising channel, the price needs to gain a foothold above the level of 10150. On the other hand, the price drop is limited by the lower border of the channel and support at 9600. Our medium-term outlook remains positive, and we expect continued growth despite the probability of correction in the near future.

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 showed an increase and reached an inclined resistance line. In case of continued upward dynamics, quotations will reach the level of 17250, fixing above which will be a signal for continued growth with targets at 18000 and 18600. On the other hand, the price drop can resume with the first target at 16500, after which the fall may continue till 15700 and 15000. We forecast growth in the medium term, but we can see a decrease in the coming days.

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

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

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