14.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to rise and reached the target level of 2100. In case of continued growth quotations will reach the levels 2120 and 2135. At the moment, there is a probability of downward price correction with reduction potential to 2070. Volatility in the near future will be increased. Our medium-term outlook remains positive, but we do not exclude the fall in the near future.

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 reached the upper boundary of the descending channel and currently is consolidating above 11400. In case of continued growth, the signals to open long positions with the targets at 12000 and 12400 will be fixation above 11600. On the other hand there is a high probability of the price correction within the channel to the level of 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 has broken through the inclined resistance line and currently is consolidating near the level of 20400. In case of further growth quotations will reach the level of 20650 and 20950. The correction is possible to 20000. We expect a continuation of the current upward trend in the near future and maintain the medium-term positive outlook.

Nearest resistance levels: 20400, 20650, 21000, 21500

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

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