12.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to correct within the local downward channel and currently is above the important level of 2070 breaking through which will be the basis for the continuation of a downward movement with the targets at 2040, 2020 and 2000. The growth of price in the near future is limited by the levels of 2100, 2120 and 2135. Our medium-term outlook remains positive, but the probability of correction in the near future remains high.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 was not able to keep falling, and to gain a foothold below the level of 10800. As a result, quotations resumed growth and at the moment are trying to overcome the psychologically important level of resistance at 11000, fixation above which will be a basis for continued upward trend with the objectives at 11400, 11800 and 12000. Our medium-term outlook remains positive.

Nearest resistance levels: 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 is corrected inside the rising channel and can reach the bottom border and the support level at 19200. According to our estimates, the current upward movement will continue in the medium term and the price will reach the psychologically important 20000. Our medium-term outlook is also positive and we recommend holding long positions.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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