04.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has started to decline after an unsuccessful attempt to overcome the level of 2100. At the moment, quotations have fallen to the level of 2060 and the current decline may continue till 2020. In the near future we may see a correction to the level of 2080. Our medium-term outlook remains positive, but we do not exclude a substantial correction in the near future time.

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 broke through the lower boundary of the rising channel and the important support level at 11000. Currently quotes are around the level of 10800 and consolidation below this mark will be the basis for the continuation of downward momentum to 10400 and 10000. In the near future quotations may return to the local maximum at 11400 and then continue to increase to 12000. Our medium-term outlook remains positive.

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

Nearest support levels: 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after a long consolidation within the corridor 19700-20000, managed to break through its lower boundary and in the near future may continue to decrease to the levels of 19400-19200. In case of resumption of growth quotes will return to the level of 20000. We expect growth of price in the medium term with the potential of reaching 21000, but the current decline may continue in the near future.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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