15.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected to the lower boundary of the ascending channel, but could not break through it. Currently quotes are around the level of 2000 and may continue to grow inside the rising channel to the nearest target levels on 2070, and 2100. In case of leaving the channel, the price can drop to 1950. We expect growth in the near future and maintain the medium-term positive outlook.
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 continues to consolidate near the important level of 10000 after a decline within the local rising channel. The breaking of the bottom of the channel is likely to lead to a continuation of the downward price movement to the next support level around 9400. At the same time, the more likely is a continuation of the upward movement up to 10400, the overcoming of which will confirm the buy signal with growth potential to 11000 and 11600. Our medium-term outlook remains positive and we expect the continuation of the positive tendency 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 continues to demonstrate a high level of volatility and compensated most of the losses of the recent decline and returned to the upper boundary of the downward channel. Within the fall, quotes can return to the support level at 17500 and 17000. The long positions are to be opened only in case of breaking through resistance at 18500. Our medium-term outlook remains positive.
Nearest resistance levels: 18000, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 17000, 16500, 16000, 15200