13.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreases within the local downtrend. In case of overcoming the level of 2020, we will see a further drop to the level of 2000. The increase is limited by the level of 2060 and 2090. We expect continued downward dynamics after the consolidation. Our medium-term outlook remains negative and we recommend holding short positions with the targets at 1950 and 1915.

Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 broke through the sloping resistance line and continues to grow. Further increase in prices is possible to the levels of 10000-10100. We look forward to the resumption of the downward price movement in the near future with the objectives of 9190 and 8900. The confirmation of the signal to sell will be fixing the price below 9600. We also maintain a medium-term negative outlook.

Nearest resistance levels: 9900, 10000, 10100, 10300

Nearest support levels for 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 bounced back from a strong support level at 16700 and approached 17200. In case of overcoming this mark, the price is likely to continue to rise to the level of 17500 and 18000. Our medium-term outlook remains negative and we expect further reduction of quotations after fixing the price below 16700 and recommend holding short positions with the potential fall to 16000.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

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