31.08.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreases within the range 2170-2195. The growth of in the near future is limited by the levels of support at 2195-2200. In case of further decline, a signal to sell will be fixing of price below the level of 2170 and targets in this case will be 2100 and 2040. 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 to move within the 10500-10800 range. Fixation above 10800 will become a signal to buy with the targets at 11200 and 11600. The more likely will be decrease in quotations in the near future and confirmation of with the targets to sell signal at 9600 and 9300 will be fixation lower than 10500. Our medium-term outlook remains negative.

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 continues to grow after breaking through the resistance at 16800. In case of fixation above this level quotations will continue to rise to 17250 and 17500. Within the correction, quotations may return to the support level at 16550. Our medium-term outlook remains negative, but the current upward momentum may continue in the near future time.

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

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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