26.02.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to grow after broke through the important resistance level at 1950. Fixing of price above this level is the reason for the price increase to the immediate objectives at 1990 and 2020. Within the correction, prices may fall to the local descending channel's lower border. According to our estimates, the current growth can continue in the near future, but its potential is limited.
Nearest resistance levels: 1990, 2000, 2020, 2050, 2065, 2080
Nearest levels of support: 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720
The price of the futures on the German stock index DAX30 shows growth during which broke through the descending channel's upper border and may soon reach the levels of 9800 and 10150. The fall of quotations in the near future is limited by support at 9100. Our medium-term outlook for this instrument remains positive despite the possible correction in the near future.
Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200
Nearest levels of support: 9100, 9000, 8500, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 has shown a steady growth and reached the upper limit of the range 15700-16300. Fixation above this level will be the basis for further upward price movement to the target marks at 17250 and 18000. In case the correction is possible the reduction to 15700. Our medium-term outlook remains positive, and the current growth can continue in the near future.
Nearest resistance levels are: 16300, 17250, 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels are: 15700, 15000, 12500