02.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the rebound from the support level of 2000, resumed the fall and at the moment is trying to gain a foothold below the strong level of 2000. According to our forecasts in the near future quotations will reach the level of 1975, consolidation below which will be a confirmation to open short positions. The resumption of growth is possible only in case of overcoming of local maximum at 2025. Our short-term outlook is negative.

Nearest resistance levels: 2000, 2025, 2070, 2090, 2100, 2150, 2200

Nearest support levels: 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 keeps consolidating within a narrow corridor 10600-10800. For the continued growth, the price must be fixed above the level of 10800. In this case, quotations may reach the level of 11200 and 11500. Falling is limited by the levels of support at 10300 and 10000. We expect continued growth in the medium term, but we can see a short-term drop in the near future.

Nearest resistance levels: 10800, 11000, 11200, 11500, 12000

Nearest support levels: 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600

The price of the futures on the Japanese stock index Nikkei225 continued to decline after breaking through the sloping support line and currently is consolidating near the important level of 17550. In case of breaking this mark, we are forecasting a decrease in quotations with the objectives at 17200 and 16550. The growth is limited by the levels of resistance near 17900. We expect new signals to determine the future direction of the price movement.

Nearest resistance levels: 18000, 18600, 19000

Nearest support levels: 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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