11.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was not able to gain a foothold beyond the descending channel and returned to its boundaries and reached the upper limit. Currently quotes have stabilized and in the case of continued growth will rise to 2120 and 2135. In case of the continuation of the movement within the channel, the price is expected to fall to 2080. The positive medium-term outlook remains unchanged, but we do not exclude the fall in the near future.
Nearest resistance levels: 2120, 21350, 2150, 2200
Nearest support levels: 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 shows steady growth after a corrective significant drop. As a result of increase the price is back above 11200 and can save the current trend to reach 11600 and the sloping resistance line. We keep medium-term positive outlook, but we can see the price drop in the near future.
Nearest resistance levels are: 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 after reaching the psychologically important level of 20000 started to correct upwards and returned within the corridor 20400-20650. In case of breaking the resistance level at 20650, we expect continued growth to 21000. On the other hand, in case of resumption of the downward dynamics quotations will reach the level of 20000. We keep medium-term positive outlook.
Nearest resistance levels are: 20650, 20800, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550