13.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the upper limit of the local downward channel and continues to grow. According to our estimates quotations with a high probability will reach the level of 2100 and then can continue to grow up to 2120 and 2135. In case of renewed growth quotes will return to the levels of around 2040. Our medium-term outlook remains positive.

Nearest resistance levels: 2100, 2120, 2135, 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 showed a steady growth and reached the upper boundary of the downward channel. Continued growth and fixing above 11600 will be a signal for opening long positions with the growth potential to the target levels at 11900 and 12400. Within the correction, quotations can return to a strong support level at 10800. Our medium-term outlook remains positive.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400

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

The price of the futures on the Japanese stock index Nikkei225 within the strong growth has overcome and fixed above the important level of 20000 and broke through the sloping resistance line. According to our forecasts the price increase will continue in the near future to the target levels at 20650 and 21000. Our medium-term outlook remains positive and the correction in the near future is possible up to 20000.

Nearest resistance levels: 20400, 20650, 21000, 21500

Nearest support levels: 20000, 19400, 19200, 19000, 18500, 18100

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