14.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 failed to gain a foothold above the level of 2100 and at the moment approached the level of 2090. In case of continued downward movement, quotes, will reach the level 2070, after which the downward movement may continue to 2040. The growth of prices is limited by historic highs near 2115. We maintain our positive outlook for the medium-term, but in the near future will probably see the beginning of correction.

Nearest resistance levels are 2100, 2120, 2150, 2200

Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after some consolidation near the level of 12400, started to correct downwards and may soon fall to the levels of 12200 and 12000. In case of breaking the bottom of the channel, confirmation of a sell signal will be fixing of quotations below 11600. We keep medium-term positive outlook and recommend holding long positions with the first targets at 12600 and 13000 and the 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 within the corridor 19800-20000. For the continued growth, the price must be fixed above the psychologically important level of 20000. On the other hand, fixing below 19800 will be the basis for opening short positions with a stop above 20000 and objectives at 19400 and 19000. We keep positive outlook for the medium-term, but in the near future we can see correction.

Nearest resistance levels: 20000, 20800, 21000, 21500

Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

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