26.04.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate in the range of 2080-2100. In case of continued growth quotations may reach 2120 and historic highs about 2135. The current consolidation may continue today and in case of reduction a signal to sell with the first target at 2040 will be fixation of price below 2080. Our forecast for next week remains negative and we expect increased volatility in the coming days.
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 broken the lower boundary of the local rising channel and in the near future may continue fall to a strong support level at 10150, after which the price may drop to 9600. According to our estimates, the closest target levels are 10800 and 11200, and the upward movement is likely to continue in the medium term.
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 and is currently consolidating above the level of 17250 fixation of above this level is a confirmation of a buy signal with the stop below 16800 and the target levels at 18000 and 18600. According to our estimates, the growth may continue in the medium term, but we do not exclude the correction in the near future.
Nearest resistance levels: 17500, 18000, 18600, 19000, 19400, 19700
Nearest support levels: 17250, 16500, 15700, 15400, 15000, 12500