01.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after the rebound from the bottom of the channel reached the level of 1910 and the upper limit of local descending channel and continued growth. This fact is the basis for further growth of quotations to 1950 and 2000, in the near future. The fall of price is limited by the level of support at 1850. Our medium-term outlook remains positive, but we do not exclude the possibility of fall of price in the near future.
Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after rising above the level of 9600 continued the upward trend and approached the inclined resistance line, breaking of which will be the reason for the further growth of quotations to 10000 and 10400. In the near future there is a high likelihood of resumption of a downward price movement. We expect increased volatility tomorrow and maintain our medium-term positive outlook.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 rose to a sloping resistance line and came closer to the mark 18000. Fixing above this level will become the basis for the continuation of the upward movement to 18500 and 19200. The fall is limited by the support at 17000 and in the near future we may see the resumption of the negative trend. Our medium-term outlook remains positive, but at the moment quotes more likely will continue to consolidate within a downtrend.
The nearest resistance levels are: 18000, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
The nearest support levels: 17500, 17000, 16500, 16000, 15200