03.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is consolidated near the level of 2080. The growth of price is constrained by a sloping resistance level. Its breaking will be the basis for opening of short-term long positions with the targets at 2120 and 2135. In case of continued downward movement, quotes will reach the nearest target at 2040. Our medium-term outlook remains positive, but the decline may continue in the near future.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 declined to the level of 11000 and continues to consolidate near this mark. In case of resumption of growth, quotes will reach the upper boundary of the descending channel and the level of 11600. On the other hand, the first target within the fall will be 10800. We expect increased volatility on Monday. Our medium-term view is positive.
Nearest resistance levels: 11200, 11400, 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 corrected down within the corridor 20400-20650. Overcoming the upper boundary of the corridor will be the basis for further growth of price to 21000. On the other hand, the breaking of 20400 will cause the price decline to 20000. We expect a high level of volatility on Monday and maintain the medium-term positive outlook.
Nearest resistance levels: 20650, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100