27.01.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to move within the range of 1860-1910 and after the consolidation will show strong price movement. In case of overcoming and price fixing above the level of 1910, we expect continued growth with the potential of reaching the levels 1950 and 1990. Otherwise, the sell signal will be overcoming the support at 1860. We are waiting for the signal to open new positions and expect a decline in the coming months.

Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1886, 1850, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 increased to the upper boundary of the local descending channel and started to decline. In case of continued upward dynamics, and breaking of the boundary of the channel, the growth will continue up to 10000 and 10400. On the other hand, the decline may continue within the boundaries of the channel with the potential of reaching 9400 and 9000. Our medium-term outlook remains optimistic despite the possibility of further decline in the near future.

Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate between the inclined line of support and resistance level at 17200. The decline of the amplitude fluctuations will lead to a strong increase in volatility after the current consolidation. The signal for the opening of long positions will be fixation of price above the level of 17200. With the resumption of the fall, the price will reach 16000. Our medium-term outlook remains positive despite the recent decline.

Nearest resistance levels: 17200, 17500, 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 16500, 16000, 15200

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