30.05.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow after has broken through an inclined resistance line and has overcome the level of 2080. The next upside target levels at the moment are 2120 and 2135. For the breaking through the highs, will be needed a strong impulse. According to our estimates, there is a significant likelihood of resumption of the negative dynamics of price with the potential decrease to 2040 and 2000, in the near future.

Nearest resistance levels: 2120, 2135

Nearest support levels: 2100, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 demonstrates moderate growth after showed a sharp increase in prices during which has broken through the resistance at 10150. In the near future quotations may reach the resistance at 10500 and then continue to rise to 10800 and 11200. Our medium-term outlook remains positive, but there is a possibility of a downward correction in the near future.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to rise after has overcome the level of 16800. In case of continued rising dynamics, quotations will reach the level of 17250 overcoming of which will be the basis for further growth with the objectives 17500 and 18000. On the other hand, the change of trend and fixing of price below 16800 will be the reason for the decline with objectives at 16300 and 15850. Our medium-term outlook remains positive.

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

Nearest support levels: 16800, 16500, 15850, 15400, 15000, 12500

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