13.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 shows the growth and in the near future once again will approach historical highs. In case of fixation of quotes above 2120, growth is likely to continue until 2150 and 2200. The more likely is the resumption of the downward movement of prices in the near future and reaching the level of support at 2070, after which the price can drop to 2040. Our medium-term outlook remains positive.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 adjusted upward after a sharp drop the previous day. The continued growth of quotations is limited by the upper boundary of the descending channel and according to our estimates the price will not go beyond the limits of the channel in the near future and will continue to fall. On the other hand fixation over the resistance level 11700 will become the basis for continued growth of the price to 12200. Our medium-term outlook remains positive.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 has broken through upper limit of the downward channel and reached important level 19800, overcoming this mark will become the basis for further growth of the price to the level of 20200. In case of renewal of the fall, the first targets will be 19400 and 19000. We maintain medium-term positive outlook, but do not exclude the fall of prices in the near future.

Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200

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