26.09.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected downwards, and within this fall came close to the inclined line of support and the level of 2150. Fixing below this level will be the basis for the continuation of negative dynamics with the targets 2100 and 2040. The growth in the near future is limited by the levels of 2195-2200 and we maintain a medium-term negative outlook with potential of decrease by 10-15%.
Nearest resistance levels: 2200, 2250, 2300
Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910
The price of the futures on the German stock index DAX30 has fallen sharply, and at the moment is below the level of 10500. In case of further decline, the first target will be 10300 and fixation lower than this mark will be the confirmation of to sell signal with targets at 9800 and 9300. In case of resumption of growth quotations may return to the level of 10800. Our medium-term outlook remains negative.
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 accelerated decline after has broken through the support level of 16550 and in the near future will probably reach the support at 16300. Fixing of price below this level will be the basis for the continuation of negative dynamics of quotations with the objectives at 15850 and 15400. At the moment, there is a possibility of price rebound upwards and in such case quotes may return to 16550 and 16800. Our medium-term outlook remains negative.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500