16.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 reached a historical high near 2095 and continues to consolidate near this level. Fixing of quotations above the psychologically important level of 2100 will be the basis for further growth with the target at 2150. In case of changing of trend, a signal to sell will be breaking through the bottom of the channel and fixation below 2060. We maintain our positive outlook for the medium-term, but do not exclude the correction in the near future.

Nearest resistance levels: 2095, 2100, 2150, 2200

Nearest support levels: 2070, 2060, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

The price of the futures on the German stock index DAX30 reached an important resistance level at 11000, but was unable to continue to grow and at the moment corrected downwards. In case of further correction, the price may fall to 10600. In order to overcome the mark of 11000, will be needed substantial stimulus. We maintain our positive outlook for the medium-term, but we forecast the correction in the near future.

Nearest resistance levels: 11000, 11200, 11500, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 could not overcome the upper limit of the upward channel and started to correct downwards. The nearest support level is at 17850. We expect growth to continue up to the level of 18000. In case of changing the trend to the descending, the signal for opening short position will be fixing of quotations below 17550. We maintain our medium-term positive outlook.

Nearest resistance levels: 18000, 18600, 19000

Nearest support levels: 17850, 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200

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