01.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was unable to gain a foothold below the important support level at 2070 and continues to consolidate near it. Currently quotes approached an inclined resistance line and may resume the fall in the near future. Our medium-term outlook remains positive, but the decline may continue in the near future to 2040.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 after a sharp decline continues to consolidate near the level of 11000. Growth of price in the near future is limited by the upper boundary of the descending channel and the level of resistance at 11600. In order to continue the downward movement with the targets at 10300 and 10000, the price needs to overcome the support level at 10800. We keep a medium-term positive outlook and expect an increase in volatility at the beginning of next week.
Nearest resistance levels: 11200, 11400, 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 showed a steady growth after has not been able to reach an important mark on 20000. In case of continuation of the current upward trend, quotations reached the target level at 21000. The decline is limited by the strong support level at 20000. Our medium-term outlook remains positive, and according to our forecasts the volatility will remain at a high level in the near future.
Nearest resistance levels: 20650, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100