15.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was able to overcome a strong resistance level at 2120 and updated historical highs. Fixing the price above this mark is the basis for the continuation of the upward movement to the level of 2150 and 2200. The correction to the level of price is possible 2100 and 2070. At the moment, we see no clear trend, but expect saving the current positive trend of 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 rebounded from the support level at 11200 and reached the upper limit of the downward channel. In case of quotations fixing beyond the channel and above the level 11700, will be completed the formation of figure "double bottom". In this case, growth will continue up to 12400. For the further growth, the price needs to overcome the level 11200. Our medium-term outlook remains positive, but do not exclude of further falling in the near future.
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 was fixed the descending channel and reached important level of 19800. A further increase in price is limited by 20200 mark. In case of the continuation of the upward movement, the quotations may reach the level of 20800 and 21000. In case of correction, we expect a price drop to 19500 and 19000. According to our forecasts, growth will continue in the near future, and we keep the medium-term positive view on the price of the pair.
Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500
Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200