23.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 increased within the corridor 2175-2188 and reached its upper limit. In the case of continued growth, quotations will reach the level of 2200. According to our forecasts, the probability of reducing the is still high and confirmation of the signal to sell with targets at 2100 and 2040 will be price fixing below the level of 2175. Our medium-term outlook remains negative.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 is consolidating around the level of 10500 after broke the lower border of the rising channel. Fixation below 10500 will be a signal to sell with the objectives 10150 and 9600. The growth in the near future is limited by the resistance level at 10800. Our medium-term outlook remains negative and we expect a decrease 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 continues to consolidate around the level of 16550 and in case of the continuation of the negative dynamics the next objectives will be 16300 and 15850. The upward dynamics is limited by the upper border of the channel, and the more likely scenario according to our estimates, will be decrease in the near future. Our medium-term outlook also remains negative.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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