26.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the level of 2170, and the potential growth in the near future is limited by the resistance level at 2200. In case of correction, confirmation of the signal to sell will be fixing of price below the level of 2150. In this case, we expect to see a continuation of negative dynamics of price to 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 continues gradual growth after overcoming the resistance level at 10150. The basis for further price increase will be fixing above the level of 10300. We expect the resumption of negative dynamics in the near future and in case of opening short positions with the targets 9600 and 9300, the stop must be installed above the level of 10300.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 has broken the lower boundary of the local rising channel and the level of support at 16550 and then reached the nearest target at 16300. Overcoming this mark will be the basis for the continuation of negative dynamics of price with closest targets at 15850 and 15400. Our short-term outlook is negative, and growth in the near future is limited by the levels of 16550 -16800.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

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

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