07.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected upwards within the local descending channel, and in case of overcoming and fixing of quotations above 1950, we expect continued growth of price to the level of 2000. In the descending channel the price may return to local minimum around 1850. Despite the possibility of lowering prices in the near future, we keep a medium-term positive outlook.
Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1915, 1900, 1886
The price of the futures on the German stock index DAX30 after correction to 10000 and lower boundary of the triangle may bounce upwards and return to the resistance at 10400, which is the upper limit of the triangle. Fixing of price above this level will be the basis for opening new long positions with the targets at 10800 and 11600. The fall is limited by the levels of 9600 and 9000. Our medium-term outlook remains positive.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 could not overcome the strong support level at 17650 and corrected upwards. Rising of price is limited by the upper boundary of the triangle in case of breaking and fixing above the local maximum at 18500, we recommend to open long positions with the targets of 19200 and 20000. Fixing below 17650 will be a cause to open short positions with the potential of fall to 16000. We forecast growth of price in the medium term.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17650, 16500, 16000