08.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 could not overcome the resistance level of 2080 and has broken the lower boundary of the rising channel. In the near future quotations may rise to the level of 2100. In case of continuation of falling, a signal to open short positions will be fixing the price below 2040. We forecast a substantial correction in the medium term, but recommend to wait for the confirmation of the signal for opening positions.
Nearest resistance levels: 2080, 2100
Nearest support levels: 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 after breaking the level of 10000 continued to rise and is now is consolidating after a strong upward impulse. Securing the quotations above 10000 will be the basis for further growth of quotations with the objectives of 10300 and 10600. Despite the current growth potential for the continuation of the current movement remains low and we expect the beginning of the correction in the medium term.
Nearest resistance levels: 10300
Nearest support levels: 10000, 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 started to correct and broke through the support at 18000, above which could not gain a foothold earlier. In case of further decline, prices may fall to 17600 and the lower boundary of the rising channel. Medium-term trend remains positive and we expect continued growth with targets at about 20000.
Nearest resistance levels: 18000
Nearest support levels: 17500, 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000