11.08.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has resumed the fall after reaching of slant line of resistance and according to our estimates, will continue downward movement to the levels 2085 and 2070, after overcoming of which may fall to 2045. The growth of quotations is limited by the sloping line of resistance and the important levels at 2120 and 2135. Our medium-term outlook remains positive, but we see the probability of price reduction in the near future.

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

Nearest support levels: 2070, 2045, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 was not able to gain a foothold above the level of 11600 and started to correct downwards and as a result reached the support at 11400. In case of overcoming this level, quotes will continue to fall to 11000 and 10800. Despite the current negative trend, we expect price growth to 12400 and 13000 in the medium term.

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

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

The price of the futures on the Japanese stock index Nikkei225 has not reached the target level of 21000 and started to correct downwards sharply. As a result, quotations broke through the lower boundary of the rising channel and in the near future will probably reach a level of 20400, after which the decline may continue until 20000. Our medium-term outlook remains positive, but the growth potential considerably reduced.

Nearest resistance levels are: 21000, 21500

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

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