10.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate near the level of 2050 after failed to overcome the strong resistance level on the 2070. In case of further decline, quotes, will reach the level of 2025 and then may continue reduction to 1990. The increase is limited by resistance levels at 2070 and 2095. According to our estimates in the near future the price will continue to decline. To determine the medium-term price direction, we recommend to wait for the new signals.
Nearest resistance levels: 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 has started growing again within the corridor10600-11000, after it has reached its lower boundary. In case of overcoming this level of support at 10600, we expect a further fall in prices to 10300 and 10000. According to our estimates, in the near future, quotes, will reach the level of 11000 and in case of its penetration will continue to grow to 10500. Our medium-term outlook is positive.
Nearest resistance levels: 10800, 11000, 11200, 11500, 12000
Nearest support levels: 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 corrected down to the level of 17550, but could not overcome this level and will continue to consolidate within the corridor 17550-17900. In the near future quotations may grow up to 18000. In case of fixing the price below the mark 17550, we expect a drop in prices to 17200 and 16550. Our medium-term outlook remains positive, but the growth potential decreased.
Nearest resistance levels: 17900, 18000, 18600, 19000
Nearest support levels: 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200