08.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 rebounded from the psychologically important level of 2000 and reached the level of 2040. A further increase is limited by the levels of 2050 and 2090. We expect that the quotes will resume a downward movement in the near future and maintain the medium-term negative outlook with the objectives of 1950 and 1915.
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 corrected upwards after the rebound from the level of 9400 and is currently trying to gain a foothold above the level of 9600. Further growth is limited by the levels of 9700 and 9900. Despite the short-term upward momentum, we expect renewal of falling of prices with the objectives of the 9400, 9190 and 8900. Our medium-term negative outlook left without changes.
Nearest resistance levels: 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 after reaching the level of 16700 started to grow within the correction and has broken the upper border of the local descending channel and the level of 17200. Further growth is limited by the levels of 17500 and 18000. We look forward to the resumption of price reduction after a slight increase in the near future. Our medium-term outlook also remains negative.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17200, 16700, 16400, 16000, 15800, 15450, 15200