28.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not overcome the resistance level of 2100 and sharply declined. Currently quotes are near the level of support at 2080. In case of breaking and fixing of price below this mark, we expect drop in quotations with the first targets at 2040 and 2000. The growth in the nearest future is limited by the levels of resistance 2100 and 2120. We expect the price decline coming weeks.

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 shown a strong decline after and reached the support level at 10150 and the lower limit of the local descending channel. In near future, prices may rebound from these levels, and in this case, the first target will be a local maximum near 10500. A breaking of support at 10150 will be a signal to sell with decrease potential to 9600 and 9000.

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 after fixation above the level of 17250, has shown a strong decline. As a result of breaking the lower boundary of the rising channel and the support level at 17250, quotes reached a level of 16500 and continued to fall. The next target level within the fall will be 15700. Our medium-term outlook remains positive, but the current decline may continue in the near future.

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

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

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