29.07.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 moves around the level of 2070 within a narrow corridor. After a long correction there is a high probability of strong price movement. In of continued growth, quotes will reach 2200, but in case of loss, a signal to sell with the targets 2100 and 2040 will be fixing below 2150. Our medium-term outlook remains negative.
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 continued consolidation around the level of 10300 and its overcoming will be the reason for continued growth with the targets at 10500 and 10800. In case of correction, quotes will return to the level of 10150 and its overcoming will be a signal about the change of the local upward dynamics to the negative with the first targets at 9800 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 shown a strong rise in volatility, but only slightly changed. To continue the growth of quotations is needed to overcome the resistance level at 16800 and in this case the positive dynamic may continue until 17250. On the other hand a signal to sell will be fixing of price below 16300. Our forecast for the near future is pessimistic.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500