22.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise after has broken the resistance level at 2150. As a result, quotes reached resistance at 2170 and may continue the upward movement of quotations to the levels of 2195-2200. In case of correction, the price will return to the support level at 2150. According to our estimates, the growth may continue in the coming days, but its potential is low. Our medium-term outlook remains negative and we maintain a negative view for the medium-term.

Nearest resistance levels: 2170, 2200, 2250, 2300

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

The price of the futures on the German stock index DAX30 broke through the level of 10500, which was the reason for continued growth to 10800. Fixing above this mark will be the basis for continued growth of quotations to 11200. On the other hand, the fall is likely to resume in the near future, and after overcoming the support at 10300, we expect a decrease to 9800 and 9300. Our medium-term outlook remains negative, despite a possible rise in the near future.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 fixed above the level of 16550 and as a result reached the level of 16800. Fixing above this mark will be the reason for the continued growth to 17150-17250. The current upward momentum may continue in the near future, but we expect the resumption of the negative dynamics and maintain the medium-term negative outlook with objectives at 15850 and 15400.

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

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

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