28.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidated within a narrow range around the level of 2170. Further growth in the near future is limited by the resistance level at 2200. The signal to sell will become fixation of quotations below 2150. In this case, the target levels will be 2100 and 2040. Our medium-term outlook is negative and we expect strong movements in the near future.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30 is consolidating around important level of 10300. A further increase of quotations is limited by the level of resistance at 10500. The probability of correction of quotations in the near future has increased lately and in case of breaking through the level of 10150, we expect a further decline with the objectives of 9600 and 9300. Our medium-term outlook remains negative.

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 started growing after could not overcome the resistance at 16800 and the lower limit of the local rising channel, which has left earlier. Confirmation of the sell signal will be fixation of price below the level of 16300. The objectives in such case will be the levels of 15850 and 15000. We expect increased volatility in the near future.

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

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

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