25.07.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued consolidation around the level of 2170 and in case of continued rising dynamics will reach 2200. In case of a change of trend to negative, a signal to sell will be fixation of quotations below 2150. In this case, the stop should be set above the level of 2180, and objectives will be 2100 and 2040. our medium-term outlook remains negative.
Nearest resistance levels: 2170, 2200
Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860
The price of the futures on the German stock index DAX30 after some consolidation around the level of 10150 continued its growth and may soon reach the level of 10300 and its overcoming will be the basis for further growth to 10500 and 10800. After strong growth the past weeks, we expect a correction in the near future. Our medium-term outlook remains negative.
Nearest resistance levels: 10150, 10500, 10800, 11000, 11200
Nearest support levels: 9800, 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 after the recent price reduction to the level of support at 16550 and the local ascending channel's lower border, resumed growth and may soon reach the level of 16800 and 17250. Fixing below 16550 will become a signal to sell with the potential decrease to 16300, and 15850. In the near future the growth may continue but the probability of a downward correction remains high.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500