05.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after breaking through the upper boundary of the local descending channel and fixation above 1900, continued growth during which reached the nearest target mark on 1950. Currently quotes have overcome this level and continued to rise. According to our forecasts, the price is very likely to continue to increase to the level of 2000. The fall is limited by the support level around 1850-1875. Our medium-term outlook remains positive.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 reached the sloping resistance line and continues to consolidate above the level of 9400. In case of breaking of this level, we expect a further decline to 9000 and 8600. On the other hand, In the near future is possible the continuation of the positive dynamics to 10000 and 10400. Our medium-term view remains positive.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has broken the upper boundary of the descending channel and currently is trying to overcome the local resistance at 17130. In case of success, we expect a further increase in prices up to 19200 in the near future. The fall is limited by the support levels at 17000 and 17500. The medium-term outlook remains optimistic.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200