26.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 bounced upwards from the level of 2170 and is consolidated above this level. A break of this support and fixation below it will be a signal to sell with potential targets 2100 and 2040. The growth in the near future is limited by the levels of resistance at 2195-2200. Our medium-term outlook remains negative and we expect a strong movement today.

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 is currently located around the level of support at 10500. Fixing the price below this level will be the basis for continuation of the negative dynamics with potential targets at 9800 and 9300. The increase is limited by the levels of resistance at 10800-10900. We expect a rise in volatility today and maintain the medium-term pessimistic forecast.

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 decreased within the descending channel and approached the level of 16300. The increase within the correction is limited by the level of resistance at 16550 and the upper border of the channel. A more likely scenario in the near future will be a continuation of the negative dynamics with the potential of reaching 15400 and 15000. Our medium-term outlook remains pessimistic.

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

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

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