01.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected to 2060, after failed to overcome the level of 2080. Now quotes reached the lower limit of descending channel, and in case of fixing the price below 2040, we recommend to open short positions with a stop above 2080 and the goals of 2000, 1950 and 1915. Our medium-term outlook remains negative but we assume continued growth to 2100.
Nearest resistance levels: 2080, 2100
Nearest support levels: 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 keeps consolidating below the psychologically important level of 10000. In order to break through this resistance will be needed a significant boost. In case of correction the price will reach the levels of 9800 and 9600. We expect corrective fall in the coming days and maintain a medium-term negative outlook.
Nearest resistance levels: 10000, 10030
Nearest support levels: 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 tried to gain a foothold above the level of 17500, but after a failed attempt started to correct downwards. In case of further fall the price will reach the lower boundary of the rising channel. We recommend holding long positions with a stop below 17000 and maintain a medium-term negative outlook.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800