02.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is gradually reduced and at the moment continues to move within the corridor 2100-2120. We recall that the quotes broke through the lower boundary of rising channel and in case of consolidation below the level of 2100, we recommend to open short positions with the potential fall to 2025 and 1990. Currently, we maintain a positive outlook for the medium-term and recommend holding long positions with the targets at 2150 and 2200.
Nearest resistance levels: 2150, 2200
Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 continues to grow steadily and approached the level of 11500 in case of correction, quotations may fall to 11200 and 11000. We expect the price growth to continue in the near future with the first target at 12000. In the case of changing the trend a signal to sell will be fixing the price below 10800. Our medium-term outlook remains positive and we recommend holding long positions.
Nearest resistance levels: 11600, 12000
Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190
The price of the futures on the Japanese stock index Nikkei225 stabilized below the level of 18900 and approached the lower boundary of the local rising channel. In the near future quotes will reach the level of 19000. In case of correction, the price may fall to 18500 and 18000. We expect further upward movement of prices in the medium term and recommend holding long positions with the growth potential up to 20000.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800