11.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued the growth within the local rising channel and reached the upper limit of the corridor 1990-2070. If the price fixates above this mark, quotations with a high probability will continue to rise to the level of 2095. At the moment, there is a great possibility of renewed price fall to the bottom of the corridor 1990-2070. We forecast a fall in price in the near future and recommend to open short positions with a stop above 2095.

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 after breaking through the inclined support line and decrease to the level of 10600, has been gradually recovering positions. At the moment, the quotes are consolidated near the level of 10800. Further growth is limited by the psychologically important level of 11000, to overcome which will be needed a significant incentive. If the price fixates below 10600, we recommend to open short positions with the objectives of 10300 and 10000. We maintain our positive outlook for the medium-term, but assume the fall in the coming days.

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 continues to consolidate between the sloping support line and resistance at 17900. To continue the growth, quotations must be fixed above the level of 18000. In case of breaking through the inclined support and a local minimum at 17550, we recommend to open short positions with the potential decline to 17200 and 16550. Our medium-term outlook remains positive.

Nearest resistance levels: 17900, 18000, 18600, 19000

Nearest support levels: 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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