14.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to fall within the local descending channel and again approached the important level of 2000. At the moment, there is a possibility of quotes rebound from this level with the upside potential to 2040 and 2060. To continue the downward movement the price must be fixed below the level of 2000. Our medium-term outlook remains negative and we recommend holding short positions with the targets at 1950 and 1915.

Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 increases after breaking the inclined resistance line and approached the level of 10000. Further growth is limited by a maximum at 10100. Breaking the inclined support line and consolidation below 9800 will be the basis for the continuation of falling prices with the objectives at 9400, 9190 and 8900. Our medium-term outlook remains negative, but in the next few days the price growth is likely to continue.

Nearest resistance levels: 10000, 10100, 10300

Nearest support levels for 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 continued to decline and reached an important level of support at 16700. Fixing the price below this mark will be the signal for the continuation of downward movement with the target at 16000. The growth is restricted by the levels of 17200 and 17550. Today quotes can bounce up from the strong support. Given the decrease in the amplitude of oscillations, we expect strong price movement in the near future. Our medium-term outlook is negative.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

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