11.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the support level at 2070 and approached the level of historical highs around 2120. Fixing the price above this mark will be the basis for continued growth with targets at 2150 and 2200. The fall is limited by the levels 2070 and 2040. In the near future there is a big probability of price correction. Our medium-term outlook remains positive, but we expect a fall in the near future.

Nearest resistance levels: 2120, 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 showed strong growth within the correction after a rebound from the bottom of the channel and the support level at 11200. At the moment, the price reached the level of 11700 and according to our estimates will resume decline to 11200. Our medium-term outlook remains positive, but we expect lower prices in the near future.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

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

The price of the futures on the Japanese stock index Nikkei225 increased to the upper limit of the downward channel, but could not overcome it. In the near future the price will continue decline to 19000 and the lower boundary of the channel. The growth of price in the near future is limited by the levels of 19800 and 20200. We expect a continuation of the downward movement of prices in the near future, but the medium-term outlook remains positive.

Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500

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

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