27.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown a sharp rise after reaching an inclined support line. Currently quotes are around the level of 2150 and in case of continued growth can reach the levels 2195-2200. According to our estimates, in case of resumption negative dynamics, we expect the fall till 2120, 2100 and 2040. Our medium-term outlook remains negative.

Nearest resistance levels: 2170, 2195, 2200, 2250, 2300

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 shows a decline after the positive start of the trading session. Growth of quotations in the nearest future is possible to 10500 and 10800. It is worth noting that the price fixation below 10300 will be the basis for the continuation of negative dynamics with the objectives at 9800 and 9600. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 has shown a strong growth after reached the level of 16300, and was not able to overcome it. At the moment the price is around the level of 16550 and further movement may continue until 16800 and 17250. On the other hand, fixation below 16300 will be a signal to sell with objectives at 15850 and 15400. Our medium-term outlook remains negative, but the current upward momentum may continue.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

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

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