14.10.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down to the important level of 2000 and currently is consolidating near this mark. In case of continued negative dynamics and breaking through the lower boundary of the local rising channel quotations will return to the levels of 1950 and 1910. On the other hand, quotations may continue to grow within the channel and overcoming of local resistance at 2020 will confirm the signal for opening long positions with the first targets at 2070 and 2100. Our medium-term outlook remains positive.

Nearest resistance levels: 2025, 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 corrected downward within the limits of the local descending channel and currently is consolidating near the level of 10000. In case of further fall quotations may get back to the levels of support at 9800 and 9400. On the other hand, the more likely is the continued growth of quotations within the current rising channel. We keep medium-term positive outlook and expect growth in the near future.

Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 has continued to fall and has moved beyond the corridor 18000-18500. This fact points to a further fall in prices in the near future to the levels of 17500 and 17000. Long positions should be opened only after fixing above the level of 18500. Our medium-term outlook remains positive, but in the coming days more likely is a fall.

Nearest resistance levels: 18000, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 17500, 17000, 16500, 16000, 15200

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