31.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking through the level of 2050 continued to grow, but at the moment is corrected inside the rising channel. In case of continued upward dynamics, quotations will reach the target levels at 2080 and 2100. On the other hand, the breaking through the lower boundary of the channel and fixing below it will become a signal for the sale with the targets at 2000 and 1980. We expect the beginning of a downward correction in the near future.

Nearest resistance levels: 2065, 2080, 2100

Nearest support levels 2050, 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750

The price of the futures on the German stock index DAX30 again failed to break through the resistance level near 10150 and currently quotations decrease inside the rising channel. In case of breaking through the lower boundary of the channel and the support level at 9800, we expect a further decline to 9600 and 9300. Our medium-term outlook remains positive with the immediate objectives at 10800 and 11200.

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 shows a decline within the range 16500-17250. In case of overcoming the upper boundary of the corridor, the growth will continue to 18000 and 18600. At the moment, the price will reduce and can reach the level of 16500 in the near future, and its breaking through will be the basis for the continuation of negative dynamics to 15700. Our medium-term outlook is positive.

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

Nearest support levels: 16500, 15700, 15000, 12500

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