25.04.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued consolidation within the 2080-2100 range. In case of breaking through the support level of 2080, we expect a further decline of price until 2040 and 2000. The growth of prices in the near future is limited by the resistance level at 2120, and the historical maximum around 2135. We expect falling prices in the coming weeks.
Nearest resistance levels: 2100, 2120, 2135
Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800
The price of the futures on the German stock index DAX30 has stabilized after recent gains and is currently closer to the lower boundary of the local rising channel. In case of continued rising dynamics of price the closest target levels will be 10800 and 11200. In case of correction, the price can return to the support at 10150. Our medium-term outlook remains positive, despite the probability of correction in the near future.
Nearest resistance levels: 10800, 11000, 11200
Nearest support levels: 10150, 9600, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 corrected down, but continues to move along the inclined resistance line. It should be noted that the immediate target levels after overcoming the level of 17250 have become 18000 and 18600. In case of a further correction, the price may fall to local ascending channel's lower border. Our medium-term outlook remains negative.
Nearest resistance levels: 18000, 18600, 19000, 19400, 19700
Nearest support levels: 17500, 17250, 16500, 15700, 15400, 15000, 12500