10.08.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to decline gradually and after reaching the level of 2070 started to correct upwards and returned to the important level of 2085. Further growth is limited by the resistance at 2100 and the inclined resistance line. More likely in the near future is a price drop to the next the target levels at 2065 and 2045. Our forecast for the near future remains negative, but in the medium term we expect to see continued growth.

Nearest resistance levels: 2085, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2065, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken through the sloping line of support and the level of 11600 in the near future will likely reach 11400. In case of breaking through this mark, quotes will drop to 11000 and 10800. In order to reach the target marks at 11800, quotations need to overcome the level of 11800. Our medium-term outlook remains positive.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300, 10000

Germany 30 Chart

The price of the futures on the Japanese stock index Nikkei225 failed to gain a foothold beyond the rising channel and returned to the important resistance level at 20800. In case of further growth the price will reach the psychologically important level of 21000. In case of breaking through a local minimum at 20400, quotes will continue to fall to 20000 and 19200. Our medium-term outlook remains positive, but growth potential decreased.

Nearest resistance levels are: 21000, 21500

Nearest support levels: 20650, 20400, 20000, 19400, 19200, 19000, 18500, 18100

Jappan 225 Chart

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