03.09.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after the rebound from the support level at 1900 and the lower boundary of the channel corrected up and currently is consolidating around the level of 1950. In case of the further growth the price will rise to 2000. Overcoming this mark will be the confirmation of a buy signal, with the objectives at 2070 and 2100. At the moment there is the possibility of renewed downward movement of the price to the levels 1900 and 1850. Our medium-term outlook remains positive, but the price may fall in the near future.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150

Nearest support levels: 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 showed growth after some consolidation near the level of 10000. The increase in the near future is limited by the resistance at 10400 and overcoming this mark will be the basis for opening long positions with the targets at 10800 and 11600 and stop below 9900. We keep medium-term positive outlook and expect growth in the near future.

Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400

The price of the futures on the Japanese stock index Nikkei225 increased to the level of 18500 and approached the inclined resistance line. Its overcoming will be the basis for further growth of the price to 19200. The fall is limited by the level of 17650. According to our estimates, price consolidation will continue in the near future within the triangle, then we should expect a strong price movement.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 17650, 16500, 16000

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