13.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the resistance level 2100, but could not overcome it and started to correct downwards. In case of resumption of downward movement, quotations may reach the levels of historical highs near 2115. On the other hand, in case of decrease the quotations may fall to 2080 and 2070. We expect growth to continue to 2115, but for further increase, will be needed new signals. We maintain our positive outlook for the medium-term and recommend holding long positions.
Nearest resistance levels are 2100, 2120, 2150, 2200
Nearest support levels: 2085, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continues to grow after has broken a strong resistance level at 12200. We expect growth to continue in the near future to the level of 12600. In case of correction, quotations may decline to 12000 and the sloping support line. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 11600.
Nearest resistance levels: 12600, 13000
Nearest support levels: 12200, 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate below the psychologically important level of 20000. To overcome it will be needed a strong incentive. In case of correction, quotations may decline to 19200 and the lower boundary of the rising channel. We maintain our positive outlook for the medium-term, but in the near future the price may correct downwards.
Nearest resistance levels: 20000, 20800, 21000, 21500
Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200