25.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 started to correct after reached the level of 2188 and was unable to gain a foothold above it. As a result, the quotes have decreased to the level of 2175 and consolidation below this level will be a signal to sell with targets at 2150, 2100 and 2040. The growth in the near future is limited by the level of 2200. Our medium-term outlook remains negative and we expect a decrease in the near future.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2175, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 has broken the lower boundary of the rising channel and tries to gain a foothold below it. In case of success, we expect a continuation of negative dynamics of price with the closest targets at 9800 and 9300. The growth in the near future is limited by the levels of resistance at 10800-11200. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued consolidation near 16550. In case of renewed growth and breaking through the upper boundary of downward channel, quotations may reach the levels 16800 and 17250. A more likely scenario in the near future will be continued decline of price within a downtrend with potential targets at 16300 and 15850. Our medium-term outlook remains negative.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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