08.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 could continue falling and overcome the support level at 2100. At the moment, quotations are located near the lower limit of the downward channel. In case of correction, quotations may rise to the upper boundary of the channel. The immediate objectives in case of the fall will be 2080 and 2070. We expect a continuation of the downward movement in the near future, but the medium-term outlook remains positive.
Nearest resistance levels: 2100, 2120, 21350, 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 continued to rise after reaching the target level of 11200. In case of fixing below this mark, we expect a continuation of the drop to 10600 and 10300. The increase within the correction is limited by the level of resistance at 10600. We expect a decline in the near future, but the medium-term outlook remains positive.
Nearest resistance levels: 11200, 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate within a sustainable corridor 20400-20650. Given the long-term consolidation, we expect a strong price movement in one direction or another after fixing of quotations outside this range. Our medium-term outlook remains positive despite the possibility of correction to 20150 and 19800.
Nearest resistance levels: 20650, 20800, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550