06.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 decreased to 2090, and the lower limit of the upward channel. In case of breaking and fixing the price below these levels. We expect a further drop in prices to the levels of 2040 and 1990. The price growth in the near future is limited by a strong resistance level near 2120 and its overcoming will become the basis for the continuation of the upward movement of the price to 2150 and 2200. Our medium-term outlook remains positive, but in the near future there is a possibility of descending correction.
Nearest resistance levels: 2120, 2150, 2200
Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continued to decline within the descending channel after fixed below level of 11700. According to our estimates, quotes, in the near future will reach the level of 11200, after which they may continue to decline to 10600. On the other hand, a signal for opening long positions will be fixing the price above the level of 11700. In this case, the growth will continue to 12400. We maintain a positive outlook for the medium-term, but in the near future, we expect price decline.
Nearest resistance levels are: 11600, 12000, 12400, 12600, 13000
Nearest support levels: 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 has fallen sharply to the levels of 19400 and continues to consolidate near this mark. In the case of breaking of this level, we expect a drop to 19000 in the coming days. Fixing the price below the local minimum near 19400 will be the signal for opening short positions with the targets at 19000, 18500 and 18100. The growth is limited by resistance levels at 19800. We maintain medium-term positive outlook, but expect a fall in the near future.
Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500
Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200