05.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 stabilized near the level of 2080 and expects new impulses. Further growth of quotations is possible to the level of 2100. In case of decrease breaking through and the lower boundary of the rising channel, the signal for the opening short position will be fixing the price below 2040. In this case, the price may fall to 2000, 1950 and 1915. Our medium-term outlook despite the potential for growth in the near future remains negative.
Nearest resistance levels: 2080, 2100
Nearest support levels: 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 began to grow after reaching the lower limit of the narrow side channel 9870-10000. Further growth is limited by a sloping resistance level. In case of a fall and consolidation of quotations below 9800, we recommend to open short positions with the targets 9400 and 9190. Our medium-term outlook remains negative despite the possible growth in the coming days.
Nearest resistance levels: 10050
Nearest support levels: 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 has broken the upper border of the rising channel and continues to move below the target level of 18000. The fall is limited by lower boundary of the channel, and a strong support at 17500. We expect continued growth in the medium term and recommend holding long positions, despite achieving the target level.
Nearest resistance levels: 18000
Nearest support levels: 17500, 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000