29.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate between the strong resistance level at 2050, and the lower boundary of the rising channel. In case of overcoming the level of 2050, the growth will continue until 2080 and 2100, but the more likely scenario according to our estimates, will be exit beyond the channel and breaking through the local minimum at 2020, which will be a signal to sell. Our short-term outlook is negative and we are waiting for the signal to sell.

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 continues to consolidate within the 9900-1150 range. In order to continue growth quotations need to overcome the upper boundary of the corridor and in such case the target levels will be 10800 and 10200. Breaking of support level around 9900 and rising channel's lower border will lead to the decline of price to 9600 and 9300. We maintain our medium-term positive outlook, but we can see a decrease in the near future.

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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