25.01.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 shows steady growth within the correction after broken through the upper boundary of the descending channel and the level of 1886. At the moment, quotes approached the level of 1910 and in case of overcoming it will continue to rise until 1950 and 1990. After a strong growth, we can see a roll back to 1886. Current growth may continue in the near future, but after its completion, we expect the resumption of the fall.
Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080
Nearest support levels: 1886, 1850, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 shows an increase after has broken through the upper boundary of the local descending channel. The next upside target level is 10000, after overcoming of which quotes can continue to grow to 10400 and the upper limit of the downward channel. The fall in the near future is limited by the support level around 9400. Our medium-term outlook remains positive.
Nearest resistance levels are: 10000, 10400, 10800, 11000, 11200, 11400, 11800
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 showed strong growth within the correction and approached the lower boundary of the descending channel, which quotations left earlier. Overcoming the level of 17500 will be the basis for further growth of quotations to the upper boundary of the channel, and the levels 18000 and 18600. The situation remains unstable and fall can be resumed, but we are waiting for the continuation of growth in the near future.
Nearest resistance levels: 17500, 18000, 18600, 19000, 19400, 19700, 20000
Nearest support levels: 17000, 16500, 16000, 15200