07.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the sloping resistance line and currently is trying to gain a foothold above the level of 2080. In case of continued growth, quotes will continue to rise to the level of a local maximum near 2020. The fall is limited by support at 2040, a breaking of which will be the basis for the continuation of the downward movement to 1990 and 1950. Our medium-term outlook remains positive.

Nearest resistance levels: 2100, 2120, 2150, 2200

Nearest support levels: 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to consolidate within the range of 11850-12200. For the continued growth, quotations must be fixed above the level of 12200. In this case, growth will continue to 13000. In case of a fall, a signal to sell will be braking through the sloping resistance line and fixing below the local minimum at 11600. Our medium-term outlook remains positive.

Nearest resistance levels: 12200, 12600, 13000

Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 returned inside the rising channel and has broken through the local inclined line resistance. In the nearest future the price will reach the levels of 19800-20000. To continue the growth the price needs to overcome 20000. Correction is possible to the level of 19000. We keep the medium-term positive outlook and recommend holding long positions.

Nearest resistance levels: 19800, 20000

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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