04.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the inclined resistance line, but failed to break it in the near future probably will correct down with the first targets at 2025 and 2000. Breaking of this line will be the basis for further growth to 2070 and 2090. We expect a decrease in quotations in the nearest future, but in the medium term we can see continued growth.
Nearest resistance levels: 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 corrected downwards to the lower boundary of the rising channel and the support level of 10800. In case of breaking this level, quotes will decline to the level of 10600. We maintain medium-term positive outlook and recommend holding long positions with the target at 12000 and the stop below 10300.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 is trying to gain a foothold above the level of 17550, and in case of success, will continue to rise to the levels of 17900-18000. To overcome the resistance at 18000 will be needed substantial stimulus. It is worth noting a significant probability of price reduction in the nearest future with the objectives at 17200 and 16550. Our medium-term outlook remains positive. We recommend to wait for a signal to open positions.
Nearest resistance levels: 17550, 18000, 18600, 19000
Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200