04.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the lower boundary of the local rising channel and is currently trying to overcome the strong support level at 2100. If the price below this mark, the price is likely to fall further to 2080. Fixation below 2080 will become confirmation for the opening of short positions with the potential fall to 2025 and 1990. We maintain our positive outlook for the medium-term, but assume the price correction in the near future.
Nearest resistance levels: 2150, 2200
Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 corrected down within the channel and approached the level of 11200, in case of overcoming of which will continue to move downwards to 11000 and 10800. At the moment, there is a possibility of rebound of the price upwards to levels 11500-11600. We maintain our positive outlook for the medium-term with the first target at 12000 and recommend holding long positions.
Nearest resistance levels: 11600, 12000
Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190
The price of the futures on the Japanese stock index Nikkei225 after breaking through the bottom of the channel will continue to fall and approached the level of 18500. Fixing the price below this level will become a signal for opening of the short-term short position with the potential fall to 18400 and 18000. Despite the current decline, we maintain a positive outlook for the medium-term with a target at 20000.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800