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23.11.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued upward movement within the local rising channel. Currently quotes are consolidated around the historic highs. In case of fixation above the psychologically important level of 2200 quotes will continue to grow to 2250. On the other hand, fixing the price beyond the local rising channel, will become the basis for the continuation of negative dynamics to 2150 and 2135. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

Nearest resistance levels: 2250, 2280

Nearest support levels: 2200, 2150, 2120, 2100, 2040, 2000, 1950, 1940, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to consolidate below the resistance at 10800. Fixing above this important resistance level will be the basis for continued growth of quotations to 11200 and 11600. In case of resumption of negative dynamics quotes will return to the levels of 10500 and 10300 and then may continue negative dynamics until 9800 and 9300. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11200, 11600

Nearest support levels: 10500, 10300, 9800, 9600, 9300, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 is consolidated within the rising channel after failed to gain a foothold above the psychologically important mark of 18000. This fact is the basis for the further growth of quotations to 18500 and 19200. In case of resumption of negative dynamics and fixing beyond the boundaries of the rising channel, will be a signal for the further reduction to 17250 and 16800. Our medium-term outlook remains negative and we are waiting for the resumption of negative dynamics in the near future.

Nearest resistance levels: 18500, 19200, 20000

Nearest support levels: 18000, 17600, 17250, 17000, 16800, 16500, 16300, 16000, 15850

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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