03.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 showed growth after rebounded from the support level at 2100 and the lower limit of the local rising channel. For the continuation of ascending movement quotations need to overcome the level of 2120. In this case, quotes can grow to 2150 and 2200. In case of fall, the signal for the opening short positions with the potential of fall to 2025 and 1990, will be fixing the price below 2100. We keep a positive outlook and medium-term and recommend holding long positions.
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 steady growth within a narrow rising channel. According to our estimates, quotes will soon reach the level of 11600, after overcoming of which will continue to rise to 12000. In case of correction, quotes can be reduced to an important support level at 11000. We keep medium-term positive outlook and recommend holding long positions with a stop below 11000.
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 failed to reach an important level of 19000 and corrected down to the lower boundary of the rising channel. At the moment there is a high probability of continuing growth of price up to 19000, the overcoming of which will be the basis for the continuation of the medium-term rise with target at 20000. Breaking of bottom of the channel and fixing below 18500 will be a signal to open short positions. Our medium-term outlook remains positive and we and recommend holding long positions.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800