04.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 keeps consolidating near the level of 2120. At the moment, quotes decline within the descending channel and soon will reach an important mark of 2100. Fixing below this level will become the basis for the continuation of the downward price movement within the downward channel with the potential of fall to 2070 and 2040. Growth is limited by historical highs near 2135. We keep medium-term positive outlook, but we can see a drop in the near future.

Nearest resistance levels: 2120, 21350, 2150, 2200

Nearest support levels 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 decreases within the local downward channel and currently is consolidating near the local minimum at 11200. In case of breaking and fixing the price below this mark, we are likely to see a price drop to 10600. On the other hand, now there is a high probability of the price rebound from this level of support to 11800-11900. Our medium-term outlook remains positive, and we are waiting for new signals.

Nearest resistance levels are: 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 continues to move within a narrow corridor 20400-20650. Earlier, quotes left the rising channel and fixing the price below the local minimum at 20400 will be a signal for opening short positions with the targets at 19800 and 19400. Our medium-term outlook remains positive, but we may see the price may fall in the near future.

Nearest resistance levels are: 20650, 20800, 21000, 21500

Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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