01.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue to fall and reach the level of 2100. At the moment, quotes continue to move in the range 2100-2135. For the continued growth, the price must overcome historical maximums near the level of 2135. In this case, the price is likely to rise further to the target levels at 2150 and 2200. In case of fixing the prices below the level of 2100, we recommend to open long positions with short-term targets at 2070, 2040 and 1190. Our medium-term outlook remains positive, but the growth potential is limited.

Nearest resistance levels: 2120, 21350, 2150, 2200

Nearest support levels 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to decline after it was unable to overcome the level of 11900. Given the strong downward momentum, a drop in prices is likely to continue in the near future to the target level of 11200. Within the correction we can see the price growth up to 11600, and 11800. Our medium-term outlook remains positive, but at the moment, we recommend holding short positions with a stop above 11900.

Nearest resistance levels are: 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 keeps consolidating within the range of 20400-20600. In case of overcoming 20600, the price will continue to rise inside the rising channel to the target levels of 20800 and 21000. On the other hand, breaking through the lower boundary of the channel and fixing below the local minimum of about 20400, will be the basis for the price drop to the level of 19800 in the near future. Our medium-term outlook remains positive.

Nearest resistance levels are: 20800, 21000, 21500

Nearest support levels: 20250, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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