22.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 started to correct down after failed to gain a foothold above the level of 2100. The nearest support level is 2080, after breaking of which the downward dynamics will continue until 2040. The growth in the near future may continue until 2120 and historic highs around 2135. Our forecast for the coming months remains negative and growth potential in the near future is limited.

Nearest resistance levels: 2100, 2120, 2135

Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 continues gradual growth after the return within the ascending channel. Overcoming the level of 10150, was the basis for the continuing rising dynamics of price with targets at 10800 and 11200. In case of correction, the first targets will be 10000-10150. Our medium-term outlook remains positive, but we do not exclude correction after recent gains.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10150, 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to rise after the price fixing above the level of 17250. This fact is a strong buy signal with the closest target levels at 18000 and 18600. The fall within the correction is limited by the inclined support line. We maintain our medium-term outlook and expect a further increase in prices in the near future.

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

Nearest support levels: 17500, 17250, 16500, 15700, 15400, 15000, 12500

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