09.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is corrected upwards within the descending channel, and in the near future will likely continue to rise to the level of 2070. In case of breaking through the upper boundary of the descending channel and overcoming the level of 2085, we forecast continued growth to 2120 and 2135. On the other hand, quotations may continue the downward movement of prices in the near future to 2040 and 1990. We expect the price growth in the medium term, but expect a decline in the near future.
Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 is near the level 10800 and after the rebound from the lower boundary the downward channel is trying to overcome the inclined resistance level. In case of success, we forecast continued growth to the upper boundary the channel and the level of 11400. Within the fall, the price can decrease to 10300, and 10000. We maintain medium-term positive outlook.
Nearest resistance levels: 10800, 11000, 11200, 11400, 11600, 11800, 11900, 12000, 12400
Nearest support levels: 10600, 10300, 10000
The price of the futures on the Japanese stock index Nikkei225 rebounded from the level of 19200 and continues to grow rapidly. The volatility is high. In the nearest future the price is likely to reach the level of 20000 and can then continue to rise to 20400 and 20650. On the other hand we forecast the resumption of the downward price movement after reaching the inclined resistance line. Our medium-term outlook remains positive.
Nearest resistance levels are: 20000, 20400, 20650, 21000, 21500
Nearest support levels: 19400, 19200, 19000, 18500, 18100