03.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to move along the sloping resistance line. Fall is limited by the level of support at 2040. For the continuation of descending movement with the objectives 2025, 1990 and 1950, the price must be fixed below 2040. The growth in the near future is limited by the level of 2120. We keep positive medium-term outlook, but we can review it in the near future.
Nearest resistance levels: 2080, 2100, 2120, 2150, 2200
Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 is consolidated near the level of 12000. For the continued growth, quotations must be fixed above the level of 12200. The signal of trend reversal will be fixing of quotations below 11600. More likely is a continuation of the upward movement of the price to 13000. We keep medium-term positive outlook and recommend holding long positions.
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 continues to move through the local descending channel and currently approached the upper boundary of the channel. For the continuation of growth it is necessary to overcome the resistance at 19800 and the psychologically important level of 20000. Fixing the price below 19000 will become the basis for the drop in prices to 18600, and 18000. We keep medium-term positive outlook and recommend holding long positions.
Nearest resistance levels: 19400, 19800, 20000
Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400