25.03.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after the recent correction to the rising channel's lower border, rebounded from it and shows the growth. In case of breaking the strong resistance level of 2050, the growth will continue until 2080 and 2100. On the other hand breaking through the lower boundary of the channel and a local minimum at 2020, will be a strong signal to sell with the first targets at 1980 and 1920. Our forecast for next week remains negative but the current growth may continue in the near future.
Nearest resistance levels: 2050, 2065, 2080
Nearest levels of support: 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 dropped to the level of 9900 after once again could not break through an important resistance level at 10150. In case of overcoming this mark, we expect a further increase in price up to 10800, and 11200. The fall in the near future is limited by the lower boundary of the rising channel. Our medium-term positive outlook remains unchanged.
Nearest resistance levels: 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 after breaking through the inclined support line, continues to consolidate within the corridor 16500-17250. In order to continue the positive dynamics, quotations need to gain a foothold above the level of 17250, which will be a signal for further growth with the targets at 18000 and 18600. The fall in the near future is limited by the level of 16500, a breaking of which will be the reason for the reduction of quotations to 15700 and 15000. Our medium-term outlook remains positive.
Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 16500, 15700, 15000, 12500