15.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to move near the level of 2100, a further increase in prices is limited by the resistance level at 2115. In the case of reduction and fixation below the level of 2090, we recommend to open short positions with the short-term objectives near 2040. Our medium-term outlook remains positive, but for the continued price growth are needed new drivers.

Nearest resistance levels are 2100, 2120, 2150, 2200

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

US Stock in March 2015

The price of the futures on the German stock index DAX30 resumed growth inside the rising channel after corrected to its lower boundary and the level of support at 12200. For the continuation of growth with the nearest target levels at 12600 and 13000, the quotations need to overcome the resistance level at 12400. We still recommend holding long positions with a stop below 11600 and save the medium-term negative view.

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 keeps consolidating within the corridor 19800-20000. For the continuation of ascending dynamics within the channel, the price needs to overcome and to gain a foothold above the psychologically important level of 20000. In case of a fall, quotes will probably reach the level of 19600 and 19200. We maintain our positive outlook for the medium-term, but do not exclude the fall of prices in the near future inside the rising channel.

Nearest resistance levels: 20000, 20800, 21000, 21500

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

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