05.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating around the level of 2100 after the recent correction and continues to move inside the rising channel. In the near future quotations will probably reach the level of 1120 and 1135. The signal for changing of the current positive trend to positive will be breaking through the bottom boundary of the channel and fixing below 2070. Our medium-term outlook remains positive, but the probability of correction in the near future, significantly increased.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 rebounded from the level of 10800 and the lower boundary of the descending channel and overcoming resistance at 11000 will be a signal for the continuation of the upward movement of price to the target levels at 11200, 11400 and 12000. In case of negative dynamics and fixation below 10800, the fall will continue until 10400. We expect growth in the near future time and the medium term.

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

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after a long consolidation failed to break through the resistance level of 19200 and fixing the price above this mark will be the basis for further price increase to 19400 and 20000. The inclined support line will limit the decline of prices in the near future. We recommend keeping long positions with a stop below 18500 and target at 20000. We also maintain a medium-term positive outlook.

Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500

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

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