07.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has reached the psychologically important mark of 2000, but could not overcome it. At the moment, the price continues to move within the local descending channel. In case of breaking its upper boundary, quotations may correct to the levels of 2040-2050. We maintain our medium-term negative outlook and recommend holding short positions.
Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200
Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 after falling to the target level of 9400, stabilized above this level. After some consolidation, we expect the resumption of a downward movement with the objectives of 9190 and 8900. Corrective gains are limited by the levels of 9600 and 9700. Our medium-term view remains negative and we recommend holding short positions.
Nearest resistance levels: 9600, 9700, 10000, 10100, 10300
Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 rebounded from the strong support level at 16700 and corrected within the local descending channel. Further growth is limited by the upper boundary of the channel and the level of 17200. We keep medium-term negative outlook and recommend holding short positions with a target at 16000 and the stop above 17500.
Nearest resistance levels: 17200, 17500, 18000
Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200