15.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 moves along the important level of 1950. The growth of quotations in the near future is limited by the level of 2000. The price fixing above this level will be a clear signal for opening long positions with the first targets at 2070 and 2100. The decline below 1910 will be the basis for a drop in prices to the level of 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 continues to move along the bottom of a local rising channel. Fixing the price below 10000 will be the signal for the opening short positions with the first target at 9600. At the moment, there is a great possibility of renewed growth and the possible opening of long positions with a stop below 10000 and objectives at 10400, 11000 and 11600. We expect price growth in the medium term.
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 still cannot break through the resistance level of 18500 and gain a foothold above it. On the other hand downside potential is limited by the level of support at 17500. Fixing the price outside the range 17500-18500 is a signal to open new positions. We expect increased volatility in the near future and look forward to increasing prices in the medium term.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000