06.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to rise and may soon reach the strong level of 2070, the overcoming of which will be a signal for the continued growth up to 2095. In case of a resumption of the negative dynamics and breaking the inclined support line, we expect a further fall with the target at 2025 and 2000. Our medium-term outlook is positive, but in the near future we may see a drop in prices.
Nearest resistance levels: 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 has broken the lower boundary of the ascending channel after failing to break through the psychologically important level of resistance at 11000. In case of overcoming this mark quotes continue to rise with the objectives of 11500 and 12000. The price fall and consolidation of quotations below 10600 will become the basis for the continuation of a downward movement with the objectives at 10300 and 10000. We expect the growth in the medium term, but we can see a correction in the near future.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate within the corridor 17500-17860. This dynamics can be maintained in the near future. The reason for opening long positions will be fixing the prices above 18000. Short positions should be opened after the price fixing below 17200. We maintain our positive outlook for the medium-term, but recommend to wait for a confirmation of the signal for opening positions.
Nearest resistance levels: 18000, 18600, 19000
Nearest support levels: 17500, 17200, 16600, 16400, 16000, 15800, 15450, 15200