05.08.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has not reached the level of 2085 and started to correct upwards. As a result, the quotes returned to the level of 2100 and are consolidated beside it. Further growth is limited by the sloping resistance line. For the continuation of the fall, the price needs to break through the level of 2085. We expect a drop in prices to 2065 and 2045 in the nearest future.

Nearest resistance levels are 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2085, 2065, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 accelerated growth after fixing the price above the level of 11400. As a result, quotations reached the level of 11600. Overcoming this level will be the cause to reach the next target level at 11800. Correction is possible to 11400. We expect further growth of quotations to 12400 and 13000 in the medium term.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 could not overcome the lower boundary of the rising channel and within the framework of growth has broken through the resistance at 20650. This fact is the basis for further growth to the target levels 20950-21000. In case of the beginning of decline, a signal to sell will be the price fixing below 20400. According to our estimates, the current positive momentum will continue in the near future.

Nearest resistance levels are: 21000, 21500

Nearest support levels: 20650, 20400, 20000, 19400, 19200, 19000, 18500, 18100

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