09.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate within the corridor 2070-2085. In case of continued growth and overcoming 2085, we expect reaching the levels of all-time highs for the breaking of which will be required a substantial boost. Fall in the price is limited by the level of support at 2040. We maintain our positive outlook for the medium-term, but volatility in the near future will remain low.
Nearest resistance levels are 2100, 2120, 2150, 2200
Nearest support levels: 2085, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 keeps consolidating below the strong resistance at 12200. Overcoming this resistance will be the basis for the continued growth of quotations up to 12600 and 13000. In case of change of the upward trend to negative, a signal to sell will be fixing below 11600. We maintain our medium-term positive outlook and recommend holding long positions with the stop below 11600.
Nearest resistance levels: 12200, 12600, 13000
Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 continues to rise gradually after breaking through the important resistance level at 19800. For continuation of growth, the price need to overcome the psychologically important level of 20000. The fall is limited by the lower boundary of rising channel and the level of support at 19600. We keep the medium-term positive outlook for the price, but the growth potential is limited.
Nearest resistance levels: 20000
Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400