05.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 dropped to the important support level at 2100 and continues to consolidate near it. Currently quotes are reduced inside the descending channel. For the resumption of growth the price needs to break through the upper boundary of the channel and the level of 2120. More likely scenario is a continuation of the downward movement to the target levels 2070 and 2040. We keep medium-term positive outlook, but forecast the decline 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 dropped to the target level of 11200 and is trying to break through and consolidate below it. In case of success quotations will continue to fall to 10600 and 10300. The growth of quotations in the near future is limited by the levels of 11600 and 11900. At the moment, there is a possibility of upward rebound of quotations. We keep the medium-term positive outlook, but assume continued downward movement in the near future.
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 consolidate within a narrow corridor 20400-20650. The breaking of the level of 20400 and fixing below this mark will serve as a signal for opening short position with a stop above 20650 and objectives at 19800 and 19400. We expect growth of quotations of in the near future and recommend holding long positions despite the possibility of falling in the near future.
Nearest resistance levels are: 20650, 20800, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550