13.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after breaking through the important level of 2000. is trying to gain a foothold above it. In case of success the price will continue to rise inside the rising channel to the levels of 2070 and 2100. The fall within the correction is limited by the lower boundary of the channel. We expect the growth of price in the medium term and in the near future.
Nearest resistance levels: 2025, 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 corrected downwards and during the recent fall has returned to the psychologically important level of 10000. Its breaking through will cause a further decline to 9600 and 9400. On the other hand, fixing above this mark will be the basis for continued growth with the target levels at 10800 and 11000. Our medium-term forecast remains positive, but for opening new positions is required a confirmation of the signal.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 declined after another unsuccessful attempt of breaking through the level of 18500. Currently quotations approached to the level of 18000 and its breaking through will be the basis for the further reduction of quotations to 17500. Fixing of quotations above 18500 will be a strong buy signal with the targets at 19200 and 20000. We maintain our medium-term positive outlook and we recommend to wait for of the signal to open a positions.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200