10.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the support level at 2070, but rebounded from it and returned to the downward channel. In case of further growth quotations probably will reach the resistance at 2100 and then can grow to the upper limit of the downward channel. More likely is a continuation of the downward price correction in the near future within the downward channel. Despite this, the medium-term view remains positive.
Nearest resistance levels: 2100, 2120, 21350, 2150, 2200
Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 reached the boundary of the descending channel and rebounded from it. According to our forecast quotes soon will reach an important level of 11200. The further growth within the channel is limited by the upper boundary and the level of 11600. We expect further fall in price to 10600 and 10300 in the near future, but maintain a medium-term positive outlook.
Nearest resistance levels: 11000, 11200, 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 reached the level of 2000 after breaking through the strong support level at 20400. Currently quotes are consolidated within the corridor 20000-20200. According to our estimates, the price decline will continue with the targets at 19800 and 19400. Our medium-term outlook remains positive, but we recommend holding short positions in the near future.
Nearest resistance levels: 20000, 20400, 20650, 20800, 21000, 21500
Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550