28.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the recent correction to the lower boundary of rising channel, has jumped upwards and returned to the important level of 2050 and overcoming of it will be the basis for continued growth to 2080 and 2100. On the other hand, the breaking through the lower boundary of the channel and fixation lower than the local minimum at 2020, will be the confirmation of the signal to sell with the targets at 1980 and 1920. In the near future we expect a price correction.

Nearest resistance levels: 2050, 2065, 2080

Nearest levels of support: 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 could not break through an important resistance level at 10150 and corrected to 9900. In order to continue growth inside the rising channel, the quotes need to overcome 10150. In this case, quotes continue to rise with the objectives at 10800 and 11200. In case of breaking through the lower boundary of the channel, quotes will fall to 9600. Our medium-term outlook remains positive.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after the recent growth continues to move near the level of 17000. In order to continue growth, quotations need to overcome the strong resistance level at 17250. In this case, the price will continue to rise to 18000 and 18600. The correction in the near future is limited by the levels of 16500 and 15700. Our medium-term outlook remains positive.

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

Nearest support levels: 16500, 15700, 15000, 12500

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