08.10.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate below the level of 2000 and in case of its overcoming, we expect further growth of quotations to 2070 and 2100. On the other hand, at the moment there is a possibility of a downward correction of price to the nearest support levels at 1950 and 1910. Our medium-term outlook remains positive, but the price may fall in the near future.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 has broken through the inclined resistance line and reached the psychologically important level of 10000 the price fixation above this resistance level will confirm a buy signal with the objectives at 10400 and 11000. In case of a fall, the quotes can be corrected to 9400. Our medium-term outlook remains positive, and we are waiting for the signal for the opening long positions.

Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 could not overcome the important resistance level at 18500 and started to correct downward. As a result, quotes can be reduced to 17500 and 17000. Overcoming resistance at 18500 will confirm the buy signal with the objectives of 19200 and 20000. Our medium-term outlook is positive, but correction may continue in the near future.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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