12.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 reached the upper boundary of the descending channel and at the moment is consolidating near the level of 2105. In case of moving the price beyond the boundaries of the channel, we are likely to see continued growth to 2120 and 2135. At the moment there is a high probability of price reduction within the descending channel. We expect a drop in of prices in the near future, but maintain a medium-term positive outlook.

Nearest resistance levels: 2120, 21350, 2150, 2200

Nearest support levels: 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 could not continue to increase to the upper boundary of the downtrend channel and resistance at 11600. In the near future quotations may continue to move within the channel and reach the target levels at 10800 and 10600. To resume the growth quotations need to overcome the level of 11900. We expect the price growth in the medium period.

Nearest resistance levels are: 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 returned within the corridor 20400-20650. For the continuation of growth, the price needs to overcome level 20650. A drop in prices in the near future is limited by the support at 20000. The breaking of this level will become the basis for re-opening short positions with the targets at 19000 and 18500. Our medium-term outlook remains positive, but the price is likely to continue to move close to the current levels in the near future.

Nearest resistance levels are: 20650, 20800, 21000, 21500

Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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