26.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 stabilized after the recent strong growth during which quotations broke through the resistance level of 2080. In case of the continuation of the current growth, we expect achieving the levels 2100 and 2120. A more likely scenario, according to our forecasts is the resumption of a negative price dynamics with nearest objectives at 2040 and 2000. Despite the possible continuation of growth in the near future, we expect the resumption of quotations fall over the next few 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 slowed growth after the recent strong upward momentum during which has overcome the resistance level at 10150. Fixation above this mark is the basis for the continuing upward dynamics of price with objectives at 10500 and 10800. Our medium-term outlook remains positive, but the probability of resumption of negative dynamics is high.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 tries to gain a foothold above the important resistance level at 16800. In case of success, we expect continuation of price increase up to 17250 and 17500. On the other hand, there is a possibility of correction to 16300-16500. Our medium-term outlook is positive, but given the uncertainty, we do not exclude the decline 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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