09.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to decline and has broken through the lower boundary of the descending channel and reached the first target mark on 2080. In the near future there is a big probability of the continuation of the downward price movement with the objectives at 2040 and 1990. In case of correction quotes will reach the level of 2100. We keep medium-term positive outlook, but expect a fall anytime soon.

Nearest resistance levels: 2100, 2120, 21350, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to decline within the descending channel after breaking the important support level at 11200, we are likely to expect a further drop in prices to the levels of 10600 and 10300. The growth of the price within the correction is limited by the level of 11200 and 11600. We recommend holding short positions with a stop above 10600, but maintain a medium-term positive outlook.

Nearest resistance levels: 11000, 11200, 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 after a long consolidation within the corridor 20400-20650, has broken through its lower boundary and showed a sharp decline. According to our estimates, soon quotes will drop to the level of 19800 and then can save the negative trend and reach the levels of 19000 and 18500. Our medium-term outlook is positive, but we recommend holding short positions.

Nearest resistance levels: 20000, 20400, 20650, 20800, 21000, 21500

Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550

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