08.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the level of 2070 and at the moment is consolidating near the level of 2090. A further increase in prices is limited by the level of resistance 2120, near historic highs. The breaking of the support level at 2070, will be the basis for further price decline up to 2040. Our medium-term outlook remains positive and we expect increased volatility today.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 reached the target level of 11200 and rebounded upwards. A further increase in prices is limited by a strong resistance level at 11700 and the upper limit of the downward channel. According to our forecasts, the prices will continue downward movement in the near future, but the medium-term view remains positive with the objectives of about 13000.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 after reaching the lower limit of the local downward channel rebounded upwards and at the moment is consolidating near the mark of 19400. In case of continued upward movement, quotes will reach the level 19800. According to our estimates, in the short term quotations will be reduced to the level of 19000. Our medium-term outlook remains positive, but the fall may continue in the near future.

Nearest resistance levels are: 19400, 19800, 20000, 20800, 21000, 21500

Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200

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