08.12.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 declined after another unsuccessful attempt to overcome the resistance level at 2100. In case of the continuation of the negative dynamics quotations will reach the support at 2060, overcoming of which will be the reason for continuation of the negative dynamics of quotations to 2020 and 2000. The rise in prices in the near future is limited by the resistance levels at 2100 and 2120. Our medium-term outlook remains positive, but in the near future we can see the beginning of a significant price correction.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 was not able to continue to grow and overcome the resistance at 11000. A drop in prices is limited by the lower boundary the rising channel and support at 10700, fixation below which will be a signal to sell with first targets at 10400 and 10000. In case of continued growth and breaking through it 11000, quotes will continue to rise to 11400 and 11800. We maintain our medium-term positive outlook.
Nearest resistance levels: 11000, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10700, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 fell and is currently located around the level of 19400, after breaking which may continue to fall to 19200 and 18800. The signal to buy in the case of resumption of growth will be overcoming the psychologically important level of 20000 in this case, we can expect further price increases to 20400 and 20650. Our medium-term outlook remains positive.
Nearest resistance levels: 19700, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 19400, 18500, 18000, 17500, 17000, 16500, 16000, 15200