15.12.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after falling to the level of 2000, rebounded upwards and now is corrected. In case of continued upward movement, quotations may reach the level of 2040. Fixing the price below 2040 was the signal for the opening short positions, and we expect a further fall in the price to the levels of 1950 and 1915. Our medium-term outlook also remains negative.

Nearest resistance levels: 2025, 2040, 2080, 2100

Nearest support levels: 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 has reached an important level of 9600, but failed to gain a foothold below it the first time. At the moment, quotes gradually grow in the descending channel and can reach $ 9800. We recommend holding short positions with the targets of 9400 and 9190. Our medium-term outlook also remains negative.

Nearest resistance levels: 9800, 10000, 10300

Nearest support levels for 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 after correction to the level of 17500, resumed its decline and has broken the important level 17200. Currently quotes reached the level of 17000 and overcoming this psychologically important level will confirm the sell signal with the objectives of 15800 and 15000 and stop above 17500. Our medium-term outlook remains positive, but can be revised in the near future.

Nearest resistance levels: 17200, 17500, 18000

Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000

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