03.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the inclined resistance line and reached the resistance level at 2025. In case of overcoming this mark, quotations may reach the levels of 2070 and 2090. To resume a downward movement, the price must be fixed below 2000. Confirmation of the signal to sell will be fixation lower than 1975. According to our forecasts, the price may continue to grow in the nearest future, but to determine the medium-term outlook, we need additional signals.
Nearest resistance levels: 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 rebounded from the bottom of the rising channel continued to grow, has broken through strong resistance level at 10800 and reached the mark of 11000. In case of correction, quotations may return to the level of 10800 and the bottom of the channel. We forecast the price growth in the nearest future and maintain the medium-term positive outlook.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 has broken through strong support level at 17550 and continued to decline within the local downtrend channel. According to our estimates, after fixing below 17550, quotations may continue to fall with the first targets at 17200, 17000 and 16550. The growth of is limited by the level of about 17900-18000. Our medium-term outlook remains positive, but in the near future the price fall may continue.
Nearest resistance levels: 17550, 18000, 18600, 19000
Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200