12.08.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to fall and has broken through the local minimum at 2070, and then retained downward impulse. Nearest target level was 2045. The increase within the correction is possible up to 2100. According to our estimates, quotes will continue to fall in the near future, but in the medium term, the growth is likely to continue.
Nearest resistance levels: 2070, 2085, 2100, 2120, 2135, 2150, 2200
Nearest support levels: 2045, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 after breaking through the level of 11400 accelerated the downward movement and has reached the first target mark on 11000. In case of further decline, quotes will fall to 10800. In case of upward correction, the first target level will be 11400. We expect the price growth in the medium term, but in the near future we can see the continuation of the negative dynamics.
Nearest resistance levels: 11200, 11400, 11600, 11800, 11900, 12000, 12400
Nearest support levels: 11000, 10800, 10600, 10300, 10000
The price of the futures on the Japanese stock index Nikkei225 show strong decline after breaking the lower boundary of the rising channel and fixing the price below the local support level at 20600. As a result, quotations have shown a sharp drop in price, and soon will reach the first target level of 20000 after which may continue to fall to the target level of 19200. Our medium-term outlook is positive, but in the near future we will probably see a fall in price.
Nearest resistance levels: 20400, 20650, 21000, 21500
Nearest support levels: 20000, 19400, 19200, 19000, 18500, 18100