03.11.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after the recent correction to the lower boundary of the rising channel and the level of 2070 resumed growth and returned to a local maximum at 2100. Overcoming this level is the basis for the continuation of the rising dynamics of prices to the levels 2120 and 2135. Our medium-term outlook remains positive and we recommend holding long positions with stop below 2070.
Nearest resistance levels: 2100, 2120, 2135
Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 has shown growth, but is still near the levels 10800-11000. In case of probable continuation of rising dynamics, quotes will reach the level 11200 and 12000. Price correction is possible up to the level of 10800 and the bottom of the channel. We maintain a positive medium-term outlook and recommend holding long positions.
Nearest resistance levels: 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate between the sloping line of support and resistance level at 19200. If the price fixates above this mark, quotes will continue to rise to the target marks about 20000 in case of falling and overcoming support at 18500, we recommend to open short positions with the targets of 18000 and 17500. We maintain a positive medium-term view.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200