08.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues its consolidation near the level of 2070, but has increased the amplitude of price fluctuations. The growth of price in the near future is limited by the levels of 2100 and 2120. In case of the continuation of the downward movement, we expect reduction of price to the target levels at 2040 and 1990. Our medium-term outlook is positive, but the fall is likely to continue in the near future.

Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200

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

The price of the futures on the German stock index DAX30 continues to decline along the inclined line of resistance and reached the strong support level at 10800 and the lower limit of the downward channel. At the moment, there is a possibility of the rising price rebound with growth potential to the upper limit of the downward channel. Fixation below 10800, will be the basis for further decline to 10300 and 10000. Our medium-term outlook remains positive, but we expect a decline in the near future.

Nearest resistance levels are: 10800, 11000, 11200, 11400, 11600, 11800, 11900, 12000, 12400

Nearest support levels: 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 after consolidation within the triangle, has broken its lower boundary at 20000 and continued to decline. In case of correction, quotations may return to the level of 20000, but we expect a decrease of the price in near future, with the potential fall to the level of 19000. Our medium-term outlook remains negative, but we expect a decline in the near future.

Nearest resistance levels: 19800, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19400, 19000, 18500, 18100

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