05.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a slight decline has returned to the sloping resistance line and approached the level of 2050. Breaking of this resistance line will be the basis for continued growth with the objectives at 2070 and 2090. At the moment there is a high probability of the price falling with the objectives 2025 and 2000. We maintain a long-term positive outlook but in the near future will probably see a drop in prices.

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 continues to consolidate below the level of 11000 and moves inside the rising channel. Overcoming resistance at 11000 will be the basis for further growth of the price to 11500 and 12000. The breaking of the bottom of the channel and consolidation below 10600, will be a signal for opening short positions with the potential fall to 10300 and 10000. We maintain a positive outlook for the medium-term, but assume decrease in prices in the near future time.

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 continues to consolidate around the level of 17550. The growth of quotations is limited by the levels of 17900-18000. In case of breaking the support level at 17200, we expect a further reduction of quotations with the target at 16550. In the near future the price will continue to move around current levels. We recommend to wait for a signal to open new positions and maintain a medium-term positive outlook.

Nearest resistance levels: 17550, 18000, 18600, 19000

Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200

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