11.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is consolidating around the level of 1950 and continues to move within the corridor 1910-2000. We recall that consolidation of quotations above the 2000 level will confirm the signal for opening long positions with the targets at 2070 and 2100. In case of falling and breaking the mark 1910, quotes will drop to 1850. We expect the growth of price in the medium term.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 broke through the sloping support line and can reach the level of 10000. The fall is limited by the level of support at 9600. The confirmation of the signal for opening long positions will be consolidation above 10400. In this case we recommend to open long positions with growth potential to 11000 and 11600, and stop below 10000. We maintain a medium-term positive outlook.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 dropped to 18000, and is consolidating above it. A further fall in the price is limited by level of support at 17500, the overcoming of which is unlikely. According to our forecasts, growth resumed and prices will rise in the medium term.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000