24.06.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after could not overcome the important resistance level at 2120, started a sharp drop and as a result approached the psychologically important mark of 2000 and reached an inclined support line. Currently quotes are consolidated around the level of 2040 and may resume fall with first targets at 2000 and 1980. Our forecast for the near future remains negative.
Nearest resistance levels: 2040, 2080, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 has shown a sharp drop with a gap down. As a result, quotes reached a support level at 9300, but could not overcome it, and rebounded upwards. In case of continuation of the rising correction is likely growth till 9800. We forecast a drop in the near future, and maintaining high level of volatility.
Nearest resistance levels: 9600, 9800, 10150, 10500, 10800, 11000, 11200
Nearest support levels: 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 has fallen sharply and as a result quotations updated lows of this year. Thus, the price has broken through the psychologically important level of 15000 and at the moment is consolidating in the corridor 15000-15400. In case of continued negative dynamics quotations may fall to 14000. We anticipate maintaining a high level of volatility, and expect a correction after the current negative momentum.
Nearest resistance levels: 15400, 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 15000, 14000, 13600, 12500