24.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down after failed to reach the resistance at 1950. At this point quotations are above the level 1910 and consolidation below this mark will be the basis for opening short positions with a stop above 1950 and objectives at 1860, 1820 and 1780. Our forecast for the coming months remains negative and growth above 1950 is unlikely.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 after the recent growth within the local ascending channel, has broken its lower boundary and in the near future is likely to fall to the level of 9300. The breaking of this level will be the reason for the price reduction to the level of 8600. On the other hand, in the nearest future the upward movement of price may continue until the levels of 9800 and 10150. Our medium-term outlook remains positive, and we are waiting for the signal to open positions.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9300, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate within the range 15700-16300. Recently, the price rebounded from the support level at 15700, and in the nearest future may continue to rise up to 16300. Fixing above this mark will be the basis for further rise of price to 17250, and 18000. The fall in the nearest future is limited by the level of 15000. Our medium-term outlook remains positive, but we are waiting for the confirmation of a buy signal.

Nearest resistance levels are: 16300, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels are: 15700, 15000, 12500

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