11.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was not able to overcome the level of support at 2070 and jumped from it to the upper boundary of the local descending channel. In case of the continued growth, quotations will reach an important level of 2100 after which the upward movement may continue to the target levels at 2120 and 2135. Our medium-term outlook remains positive, but we do not exclude the correction of prices in the near future.

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

Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 was not able to keep falling, and to gain a foothold below the level of 10800. As a result quotations resumed growth and at the moment are trying to overcome the psychologically important level of resistance at 11000, fixation above which will be a basis for continued upward trend with the objectives at 11400, 11800 and 12000. Our medium-term outlook remains positive.

Nearest resistance levels: 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after the recent correction resumed the growth and continues upward movement within the channel. Correction of price is possible to the lower boundary of the channel and the level of 19200. In the near future quotations are likely to reach the psychologically important level of 20000. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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