09.12.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to decline and approached to an important support level at 2050. Overcoming this mark will lead to a continuation of the negative dynamics of price to 2020 and 2000. It is worth noting that quotes may rebound upwards and reach the resistance at 2100. Our medium-term outlook remains positive, but we are waiting for new signals for opening positions.
Nearest resistance levels: 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2050, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 broke through the important support level 10700, which is the basis for the extension of the negative dynamics and change a positive trend to the descending. Target levels in case of fall will be the 10400 and 10000. In case of renewed growth, quotes will return to the level of 11000. Our medium-term outlook remains positive, but the current decline may continue in the near future.
Nearest resistance levels: 10700, 11000, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continues to decline after breaking the important support level at 19400. Overcoming the nearest support at 19200 will be the basis for the continuation of a downward price movement to 18500 and 18000. In case of correction after the recent fall quotations will return to the level of 19400 and an upper boundary of the channel. We expect a further fall in prices in the near future, but maintain a medium-term positive outlook.
Nearest resistance levels: 19400, 19700, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200