27.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed a decrease in volatility after rose sharply this week. Overcoming the resistance of 2100, will be the basis for further price increase until 2120 and 2135. A more likely is the resumption of a negative price dynamics with targets at 2040 and 2000. Our forecast for next week remains negative.

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 broke through the resistance at 10150 and may continue to increase to 10500 and 10800. After the recent sharp increase in price is probable fall within the correction and in this case, we expect the decline to 10150. Our medium-term outlook remains positive, but the potential for growth fell today.

Nearest resistance levels: 10500, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 continued to consolidate above the level of 16800, fixing above which is the basis for continued growth to 17250 and 17500. At the same time, a breaking of support at 16800 will be the reason for negative dynamics of price with potential targets at 16300 and 15850. Our medium-term outlook is positive and growth may continue in the near future.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500

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