02.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 shows the reduction within the range 2100-2135. In case of overcoming historical highs near 2135, quotes will continue to rise up to 2150 and 2200. On the other hand, fixing the price below 2100 will be the basis for the continuation of the downward movement to the levels 2070, 2040 and 1990. We expect continued growth in the medium term, but we can see correction anytime soon.

Nearest resistance levels: 2120, 21350, 2150, 2200

Nearest support levels 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 accelerated decline after breaking through the level of 11400. Currently quotes reached the upper limit of the descending channel, which has left the price before. The next upside target level is 11200, after overcoming of which is expected the fall up to 10600. Our medium-term outlook remains positive, but at the moment, we recommend holding short positions and forecast decline in the near future.

Nearest resistance levels are: 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 could not overcome the resistance level at 20650 and began to decline. Within the fall, quotes, broke through the lower boundary of the rising channel. Fixing the price below the local minimum near 20400 will confirm a sell signal with the objectives at 19800 and 19200. Our medium-term outlook remains positive, but in the near future we can see the price correction.

Nearest resistance levels are: 20650, 20800, 21000, 21500

Nearest support levels: 20200, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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