06.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is moving along the important level of 2100. At the moment the price is within the ascending channel and may continue to rise to historic highs near 2135. The breaking of the lower boundary of the channel and support level at 2070 will be the basis for opening short positions with the potential fall to 2020 and 2000. We expect strong price movement today and maintain the medium-term positive outlook.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 continued to move in the range of 10800-11000 and reached the lower limit of the rising channel. Its breaking through and fixation lower than 10800 will lead to a continuation of the negative dynamics of price to the nearest support around 10400. On the other hand, overcoming the resistance at 11000 is the reason for the further growth of the price with the objectives at 11200 and 12000.

Nearest resistance levels: 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate near the level of 19200. Overcoming this level will be the reason for further growth of 19400 and 20000. The price fall below inclined line of support is unlikely. We anticipate continued growth of quotations in the near future and medium term.

Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200

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