03.12.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was not able to gain a foothold above the level of 2100 and to overcome the inclined resistance line and corrected downwards. In case of the continuation of the negative dynamics and breaking through the level of 2080, the decline is likely to continue to 2060 and 2020. On the other hand, growth is possible to 2120 and to historic highs, which are located near 2135. Our medium-term outlook remains positive, and today there is a high probability for further price growth.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 corrected to the lower boundary of the rising channel, but rebounded from it and according to our forecasts will continue its upward movement up to 11400 and 11800 in the near future. Possible reduction in the levels of support is limited by 10800, and 11000. We recommend holding long positions and expect strong price movement today. Our medium-term outlook also remains positive.
Nearest resistance levels: 11400, 11800, 12000, 12400
Nearest support levels: 11200, 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate below the level of 20000 and fixing above this level will be a signal to continue the upward trend with price targets at 20400 and 20650. The fall is possible to the lower limit of the corridor 19700-20000, fixing below which will be a signal to open short positions with the potential decrease to 19400 and 19200. Our medium-term outlook remains positive and volatility according to our forecasts will rise considerably.
Nearest resistance levels: 20000, 20400, 20650, 21000, 21500
Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200