04.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to decline after breaking the support level at 2060. In the near future quotations may reach a strong level of support at 2000, but the price fixing below this level is unlikely. According to our forecasts, the price will rebound upward from the level of 2000. and will correct to 2050-2065. Falling of price will probably continue in the near future.

Nearest resistance levels: 2020, 2050, 2065, 2080, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 has shown a strong decline and broke through the important level of 10400. In case of further decline, quotes will drop to 10000 and 9600. The signal for opening long positions will be fixing of price above 11000. Our medium-term outlook remains positive, and we are waiting for the signal for opening long positions.

Nearest resistance levels: 10400, 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 demonstrated sharp fall and broke through the important support level at 18600. As a result, quotations will probably continue to decline to 18000, and then may fall to 17500. It should be noted that after a sharp decline there is a high probability of price correction up under which quotations can return to a level of 18600. We keep medium-term positive outlook despite a possible drop in the near future.

Nearest resistance levels: 18600, 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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