06.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to rise, but could not reach the level of 2000. In case of continued upward dynamics and price fixing above this mark, we recommend to open long positions with the targets at 2070 and 2100. At the same time, in the near future there is a high probability of downward movement till the levels 1950 and 1910. Our medium-term outlook remains positive, but in the near future we may see a drop in prices.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 has broken through the inclined resistance line and continues the upward movement. Fixing of quotes above the psychologically important level of 10000 will be a buy signal with the targets at 10400 and 11000. The fall is limited by a strong support at 9400. Our medium-term outlook remains positive.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 showed strong growth after breaking through inclined resistance line and almost reached the level of 18500. Currently quotes are corrected downwards and may continue to fall to 18000 and 17500. Fixing above 18500 will confirm a buy signal with the targets 19200 and 20000. The medium-term outlook remains positive, but in the coming days is probable drop in prices.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200