27.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued consolidation within the range 2080-2100. In case of continued growth and overcoming the mark 2100, growth may continue until 2120 and 2135. On the other hand, a signal to sell can become a breaking of the ascending channel's lower border and local minimum at 2070. Our forecast for the next week remains negative and we expect a start of correction in the near future.

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 has broken through the lower boundary of the rising local channel and in case of further reduction may fall to 10150. The breaking of this level will be the basis for further price fall with a target at 9600. On the other hand, fixation above 10150 is a signal for continued growth with targets at 10800 and 11200. Our medium-term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 is consolidating above the level of 17250 and approached the lower boundary of the local ascending channel. At the moment, there is a high probability of resumption of price growth with targets at 18000 and 18600. On the other hand, fixing the price below 17250, will become the reason for further decline to 16500 and 15700. Our medium-term outlook remains positive.

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

Nearest support levels: 17250, 16500, 15700, 15400, 15000, 12500

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