25.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was not able to continue the decline, and fix below the support level at 2040 and showed strong growth. Within the upward movement, quotations broke through the inclined resistance line and an important level of 2080, which is the basis for continued growth of quotations to 2100 and 2120. Current growth may continue in the near future, but we expect a price drop 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 broke the upper border of the descending channel and continued growth. As a result of strong impulse that followed prolonged consolidation, quotations grew to 10150 and in case of fixation above this mark will continue the upward trend to 10500 and 10800. Our medium-term outlook remains positive, but we do not exclude the resumption of a negative price dynamics.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 broke through the strong resistance level at 16800, which is the basis for continued rising dynamics to price 17250 and 17500. In case of correction, quotations may return to the mark 16300 and 15850. According to our forecasts, the more likely scenario is the growth in the near future, but the risk of falling remains elevated in the coming weeks.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500

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