29.08.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has shown strong movements on Friday, but at the moment continues to consolidate around the level of 2170. Fixing below this level will become a signal to sell with the targets 2100 and 2040. The growth in the near future is limited by the levels 2195-2200. Our medium-term outlook remains negative and we are waiting for confirmation of the sell signal.
Nearest resistance levels: 2200, 2250, 2300
Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910
The price of the futures on the German stock index DAX30 continues to consolidate around the level of 10500. The price growth in the near future is limited by the levels 10800-10900. Fixing of quotations below 10500, will confirm the sell signal with the objectives at a 9800 and 9300. We forecast a drop in the medium term and look forward to a sell signal.
Nearest resistance levels: 10800, 11000, 11200
Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 has broken the upper boundary of the descending channel and approached the important resistance level at 16800 fixation above which will be the basis for the continuing rising dynamics with the objectives 17250 and 18000. The drop in prices may be resumed in the near future with the first targets at 16300 and 16000. Our medium-term outlook remains negative despite the current upward momentum.
Nearest resistance levels: 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500