01.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate below 2100 and overcoming this resistance level may lead to a further increase to 2120 and historic highs around 2135. In case of renewal of negative dynamics, the price will reach the next target levels at 2060 and 2020. Our medium-term outlook remains positive, but we can revise it in the coming weeks.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 continued gradual growth along the upper boundary of the rising channel after overcoming an important mark of 11200. At the moment, there is a possibility of price correction to 11000-11200, but the probability of continued growth of price to the levels 11800, 12000 and 12400 in the medium term is high. We forecast growth of prices and recommend holding long positions with a stop below 10800.

Nearest resistance levels: 11400, 11800, 12000, 12400

Nearest support levels: 11200, 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 failed to gain a foothold below the level of 19800 and resumed growth. Currently quotes are located near the psychologically important level of 20000. Fixing above this mark will be the signal for further growth with the objectives at 20400, 20650 and 21000. In this case, the stop should be set below 19800. Our medium-term outlook remains positive, but we are waiting for the signal to open positions.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

October 22, 2015 Japan Live Performance

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