14.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 keeps moving within the range of 2070-2120. For the continuation of the price growth, is needed to update historical highs and fix above 2120. In such case, the closest targets will be the levels of 2150 and 2200. The breaking of support level at 2070 will be the cause for further price reduction with the targets at 2040 and 1990. Our medium-term outlook remains positive, but we note the possibility of falling prices in the near future.
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 continued to decline within the descending channel, and soon will reach 11200 after which the fall may continue till 10600 and 10300. In case of growth, a buy signal with the first target at 12400 will become fixing the price above the level of 10700. We expect a further fall in prices in the near future but our medium-term view 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 could not continue its growth and has overcome the resistance level at 19800 at the moment quotations are trying to gain a foothold beyond the downward channel. In case of continued growth and overcoming the mark 19800, quotes will continue to rise up to 20200, and 20800. In case of return the price in the downward channel, the price will drop to 19000 and 18500. Our medium-term outlook remains positive, but the fall may continue.
Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500
Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200