01.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 again rebounded from the strong support near 2040. In the case of continued downward movement, the signal for opening short positions with the potential of fall to 1990 and 1950 will be fixation below 2040. On the other hand, at the moment there is a great probability of further short-term upward movement of prices up to 2080. We forecast the price growth in the medium term and in the coming days.
Nearest resistance levels: 2080, 2100, 2120, 2150, 2200
Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 corrected down and is trying to gain a foothold above the upper boundary of the local descending channel. At the moment there is a high probability of the price rebound from the bottom of the medium-term rising channel with the first target at 12200, a breaking of which will be the basis for continued growth to 12600 and 13000. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 11600.
Nearest resistance levels: 12200, 12600, 13000
Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 showed a sharp decline after breaking through the strong support level at 19200 and reached 19000. Currently quotes returned to the level of 19200 and try to gain a foothold under the lower boundary of the rising channel. In case of success and breaking through the level of 19000, we recommend to open short positions with the targets at 18600 and 18000. Our medium-term outlook remains positive.
Nearest resistance levels: 19200, 19800, 20000
Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400