02.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to try to break through the support level at 2040. In case of success, we predict a further drop in prices to 1990 and 1950. On the other hand, for the continued growth, the price must be fixed above the level of 2120. We recommend to wait for a signal to open positions, but our medium-term outlook remains positive.

Nearest resistance levels: 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

January 23 USD Data

The price of the futures on the German stock index DAX30 continues to move along the bottom of the rising channel. For the continued growth, the price must overcome the local maximum at 12200. Fixing the price below 11600 will become the basis for opening short positions with the potential of fall to 11000 and 10600. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 11600.

Nearest resistance levels: 12200, 12600, 13000

Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 reached the resistance at 19400 and approached the upper border of the local descending channel. In case of return of the price inside the rising channel will be the basis for further growth to 19800-20000. Fixing of quotations below 19000, will be a signal for opening short positions. Our medium-term outlook remains positive.

Nearest resistance levels: 19400, 19800, 20000

Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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