13.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected upwards after rebounded from the level of 2040 and reached the level of 2070. According to our estimates, the price drop will resume soon and will reach the level of 2025 and 1990. We recommend keeping short-term short position with a stop above 2080, but our medium-term outlook remains positive.

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 keeps consolidating below 11850 and according to our forecasts after overcoming this mark will reach the target level of 12000. In case of correction quotations may fall to 11500. We recommend holding long positions with a stop below 11400 and maintain a medium-term positive outlook.

Nearest resistance levels: 12000, 12600, 13000

Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10100, 10000

The price of the futures on the Japanese stock index Nikkei225 shows steady growth after overcoming the level of 19000. This fact is the basis for continued growth to target levels at 19600 and 20000. In case of correction, quotations may fall to 19000. We recommend holding short positions with a stop below 18500 and maintain a medium-term positive outlook.

Nearest resistance levels: 19600, 20000

Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000

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