10.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 fell yesterday and was able to overcome the level of support 2050 near which is consolidating at the moment. In case of the continuation of the negative dynamics and to overcoming the local support at 2040, the price decline will continue till 2020 and 2000. At the moment, there is a possibility of continuing price correction within the descending channel to its upper limit and levels of 2080-2100. Our medium-term outlook remains positive, but the decline may continue in the near future.

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 continued to decline and has broken through the support level at 10700. At the moment, the price is trying to gain a foothold below this level and, if successful, will continue to fall with the objectives at 10000 and 9600. We expect the growth of price in the medium term with the first targets at 10800 and 11400.

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 accelerated decline after overcoming the support level at 19400 and reached 19000. At the moment the price corrected upwards and tries to gain a foothold below the lower boundary of the channel. In case of the return of price within the channel quotations may continue to rise to 19400-19500. Our medium-term outlook is positive, but the decline may continue in the near future.

Nearest resistance levels: 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200

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