10.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was able to break through the upper limit of the corridor 2070-2085. This fact is the basis for the continuation of the upward movement of the price to historic highs near 2120. Falling the price is limited by support levels at 2070 and 2040. Our medium-term outlook remains positive, but its potential is limited and to overcome the historical highs is needed a strong incentive.

Nearest resistance levels are 2100, 2120, 2150, 2200

Nearest support levels: 2085, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after a long consolidation has overcome a strong resistance level at 12200. Fixing the price above this mark is the reason for the continuation of the upward price movement to 12600 and 13000. The fall is limited by the level of support at 11850. We recommend holding long positions with a stop below 11600. Our medium-term outlook remains positive.

Nearest resistance levels: 12600, 13000

Nearest support levels: 12200, 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

Futures Chart

The price of the futures on the Japanese stock index Nikkei225 reached the target level of 20000. In case of fixing the price above this level, we expect continued growth with the objectives at 21800 and 22000. In case of correction, quotations may fall to 19600 and 19000. We maintain our positive outlook for the medium-term, but in the near future we can see the start of short term price correction.

Nearest resistance levels: 21800, 22000, 22500

Nearest support levels: 2000019800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

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