12.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the level of 2040 after a minor downward correction. In case of further growth quotations may reach historical highs around 2090. Despite the current upward movement we expect renewal of falling of the price with the immediate target at 2000, after which the decline may continue until 1950 and 1915. Our medium-term outlook remains negative.

Nearest resistance levels: 2080, 2100, 2150, 2200

Nearest support levels: 2050, 2040, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

December 3, 2014 USSPX Graph

The price of the futures on the German stock index DAX30 after a sharp drop compensated losses and returned to the level of 9800. At the moment we are seeing a decline in the amplitude of the fluctuations in price and consolidation within the triangle, after which we should expect the strong price movement. We maintain our medium-term negative outlook with the objectives 9190 and 8900.

Nearest resistance levels: 9800, 10000, 10100, 10300

Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 again reached the strong support level at 16700 and rebounded of it. Continued price correction is possible up to the level of 17200. We expect a further decline of quotations to the level of 16000. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 18000.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

Japanese Yen on November 26, 2014

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