09.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidated around the level of 2100 and the lower boundary of the rising channel. In case of breaking the lower border, the price may fall to the level of 2070, securing below which will be a signal to sell with the objectives of 2020 and 2000. The increase is limited by historical highs near 2135. We expect growth in the medium term, but in the near future may see a correction.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 continues to rise gradually along the lower boundary of the rising channel and currently is consolidated near the upper limit of the range 10800-11000. In case of continued growth quotations will reach the target levels at 11200, 11400 and 12000. In case of breaking through the lower boundary of the channel and fixation below 10800, the fall will continue until of 10400 and 10000. Our medium-term outlook remains negative.

Nearest resistance levels: 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after fixing above 19200, continued growth within the rising channel. At the moment the price is near 19600, and may continue to grow to 20000. In case of correction, quotations will return to the level of 19200 and the lower boundary of the channel. We maintain medium-term positive outlook, and recommend holding long positions.

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

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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