03.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the lower boundary of the descending channel and the local support level at 2100. In case of breaking through the upper boundary of the rising channel, the price is likely to return to historic highs near 2135. We expect growth to continue in the medium term, but in the near future quotes can show corrective decline with the potential of fall to 2070, 2040 and 1990.

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 corrected within the short-term downtrend. The next upside target level in case of further reduction will be 11200. On the other hand in case of resumption of growth, the price is likely to reach the level of 11600 and 11900, and then can continue to grow up to 12400. Our medium-term outlook is positive, but in the near future we can see the continuation of the price fall to 10600 and 10300.

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 is consolidated within the corridor 20400-20650 and has recently broken through the lower boundary of the rising channel. In this connection, fixing the price below the local minimum at 20400 will be a signal for opening short positions with the potential of the price falling to 19800 and 19400. On the other hand, for the continued growth with the target at 21000, quotations must overcome the strong resistance at 20650. Our medium-term forecast remains positive and we recommend holding long positions.

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

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

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