09.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued the growth along the local line of support. At the moment, quotations are consolidated around the level of 2060 and may continue the growth to a historic high near 2090. Despite the current upward momentum, we expect the resumption of the downward movement and maintain the medium-term negative outlook with the objectives of 1950 and 1915.
Nearest resistance levels: 2080, 2100, 2150, 2200
Nearest support levels: 2050, 2040, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 continued to rise and reached a sloping resistance line and now is consolidating around the level of 9800. Fixing above this mark will be the basis for continued growth to the levels of 10000-10100. More likely is the resumption of a downward movement with the immediate objectives at 9600 and 9400. After the consolidation of price within the triangle, we expect strong price movement. Our medium-term outlook remains negative.
Nearest resistance levels: 9800, 10000, 10100, 10300
Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 was able to overcome the upper limit of the local descending channel and level of 17200 and reached the mark of 17400. Further growth is possible to the level of 17500 in case of breaking through which, the price may rise to 18000. It is worth noting the big possibility of renewed price reduction in the near future. We expect a price drop in the short term with the objectives of 16700 and 16000.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17200, 16700, 16400, 16000, 15800, 15450, 15200