25.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has not been able to gain a foothold below the level of 1910 and corrected upwards. The growth of quotations in the near future is limited by the resistance level at 1950, after overcoming of which, the price can reach the marks 1990 and 2020. We forecast a drop in prices in the near future and a signal to sell with the objectives at 1860 and 1820 will be price fixing below the level of 1910.
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 reaching the upper limit of the downward channel, started to correct downwards and approached the support level at 9100. Its breaking through will be the reason for the continuation of negative dynamics with the objectives at 8800 and 8500. The signal for changing the negative trend to the positive, will be fixing of price above the level of 9800. Our medium-term view remains positive, despite a possible drop in the near future.
Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9100, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 rebounded from the lower boundary of the corridor 15700-16300. In case of continued rising dynamics and consolidation above 16300 we forecast further growth of price up to 17250, and 18000. In case of resumption of negative dynamics and fixation below 15700, the fall will continue until 15000. Our medium-term outlook remains positive, and we are waiting for confirmation of the signal to buy.
Nearest resistance levels are: 16300, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels are: 15700, 15000, 12500