15.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was unable to gain a foothold above the important level of 2000 and started to correct upward and as a result returned to the downward channel. In case of continued upward movement, quotations will return to the levels of 2050-2060 overcoming of which will be the reason for the growth of price to 2100. The fall in the near future is limited by the levels of 1990-2000. Our medium-term outlook remains negative and we are waiting for a strong movement in the near future.

Nearest resistance levels: 2050, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 continues to decline along the inclined support line and currently is trying to gain a foothold below 10400. In case of continued negative dynamics, the closest target level will be 10000, after which the decline may continue until 9600. Our medium-term outlook remains positive, despite the possible continuation of the current fall.

Nearest resistance levels: 10400, 10700, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 slows the fall after reaching the support level at 18600 and at the moment is consolidating above it. In case of breaking the upper limit of the downward channel local, we expect further growth of price up to 19200, and 19700. Our medium-term outlook remains positive, but we do not rule out a drop in prices to 18000 in the near future.

Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200

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