12.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a long consolidation within the corridor 1990-2070, managed to break through its upper boundary, and according to our estimates in the near future will reach the level of historical highs around 2095. In case of price return within the corridor, we expect a further fall of price to 2025 and 1990. Our medium-term forecast remains positive, and the probability of a drop in prices in the coming days decreased.

Nearest resistance levels: 2095, 2100, 2150, 2200

Nearest support levels: 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 rebounded from the support level at 10600 and approached the important level of 11000. In case of overcoming this psychologically important level of resistance and fixing the price above this mark, we expect further growth of quotations to the levels of 11500 and 12000. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 10600.

Nearest resistance levels: 11000, 11200, 11500, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 continued to rise and reached the psychologically important level of 18000. At the moment there is a possibility of technical correction of the price to the levels of 17800. In case of consolidation of quotations above 18000, we expect a further increase up to 18600 and 19000. Our medium-term outlook remains positive and in the case of a trend change the signal to sell will be fixing of quotations below 17550.

Nearest resistance levels: 18000, 18600, 19000

Nearest support levels: 17800, 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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