06.08.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has corrected upwards but could not continue to grow and gain a foothold above the sloping resistance line. Currently quotes are near the level of 2100. In case of breaking through the level of 2085, the price will continue to decline to 2065 and 2045. The growth of quotations in the near future is limited by the levels of 2120 and 2135. We expect the fall in prices in the near future, but maintain a medium-term positive outlook.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2085, 2065, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 was able to overcome the resistance at 11600 in the near future will likely continue to increase to 11800. The fall is limited by a sloping support line and the mark 11400. We expect a continuation of the current positive dynamics in the near future and maintain the medium-term positive outlook.
Nearest resistance levels: 11800, 11900, 12000, 12400
Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10000
The price of the futures on the Japanese stock index Nikkei225 after yesterday's strong growth started to correct downwards and returned to the support level at 20650. In case of a further correction, the price may fall to 20400, but more likely is a continuation of the current positive dynamics inside the rising channel to the nearest target levels at 20950-21000. We expect growth in the medium term.
Nearest resistance levels are: 21000, 21500
Nearest support levels: 20650, 20400, 20000, 19400, 19200, 19000, 18500, 18100