12.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is consolidating near the level of 2045. In case of continued descending movement of the price within the channel, quotes can reach the marks 2025 and 1990. Within the continued correction the price may increase to 2070 and 2080. We maintain our positive outlook for the medium-term, but at this point we recommend to keep short-term short positions with the stop above 2080.
Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200
Nearest support levels: 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 has broken through the upper boundary of the rising channel and tries to gain a foothold beyond it. In case of correction, quotations may descend to the level of 11600. We anticipate continued growth of quotations in the near future and recommend holding long positions with a stop below 11200 and the first target level of 12000, after overcoming of which growth may continue to 12600.
Nearest resistance levels: 12000, 12600, 13000
Nearest support levels: 11600, 11200, 11000, 10800, 10600, 10300, 10100, 10000
The price of the futures on the Japanese stock index Nikkei225 after correction to 18500 resumed growth and compensated the losses of the previous days. At the moment the price has returned inside the rising channel and approached the psychologically important level of 19000. For the continued upward movement of the price with the targets at 19600 and 20000, it is needed to overcome the level of 19000. We keep medium-term positive outlook.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000