14.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate near the level of 1950. At the moment, the movement of quotations is limited by the boundaries of the corridor 1910-2000. In case of breaking through and fixing above the psychologically important level of 2000, we expect price growth to 2070 and 2080. Overcoming the level of 1910 will be the basis for a further decline to a local minimum around 1850. Our medium-term outlook remains negative.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 is moving within the local ascending channel and fixing of price below the level of 10 000 will be the basis for a drop in prices to 9600 and 9000. On the other hand fixing of quotations above the important resistance level at 10400, will confirm the signal for opening long positions with the first targets at 11000 and 11600. Our medium-term outlook remains positive.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 continues to consolidate within the range 17500-18500. Breaking through and fixing of price lower than 17500, will be the basis for the further reduction of quotations to 16000. On the other hand, there is probability of resumption of price growth after fixing above the level of 18500. We maintain our positive outlook for the medium-term with the first targets at 19200 and 20000.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000