29.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 showed a decrease after failed to overcome the resistance level at 2100. As a result, quotations broke through the level of 2080 and dropped to the lower boundary of rising channel. Fixing of price below these levels will be a signal to sell with targets at 2040 and 2000. In case of resumption of growth within the channel, quotations may reach 2120 and 2135. We expect a downward correction in the near future.

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 continued to decline within the local descending channel and in case of breaking the support at 10150, the fall will continue until 9600 and 9300. In case of changing the current trend to positive, immediate targets will be 10500, 10800 and 11200. We expect growth in the medium term, but in the near future time there is a possibility of saving the current negative dynamics.

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 has slowed pace of decline, but the negative dynamics is likely to continue in the near future, with the potential of reaching the levels 15700 and 15400. Currently quotes are beside the level of 16000 and its breaking through will be the basis for further decline. In case of rebound, the first target will be the mark of 16500. We expect the resumption of growth in the medium term, but expect a further decline in the near future.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15400, 15000, 12500

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