16.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 approached to historic highs, and continues to grow gradually along the sloping support line. In case of change of positive trend to negative, a signal to sell will be breaking the inclined lines of support and fixation below the support level at 2090. We expect the price correction in the near future, but keep a positive medium-term outlook for the US stock market.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2100, 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken the lower boundary of the rising channel after could not overcome the level of 12400. In case of continued downward movement and fixing the price below the mark 11850, we recommend to open short positions with the potential of fall to the levels of 11600 and 11000. Our medium-term outlook remains positive, but in the near future we can see a price correction.

Nearest resistance levels: 12400, 12600, 13000

Nearest support levels: 12000, 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 keeps consolidating within the corridor 19800-20000. At the moment there is a high probability of a downward correction of price to the level of support at 19400 and 19000. For the continuation of growth quotations need to overcome the psychologically important level of 20000. Our medium-term outlook remains positive, but in the nearest future we may see a price drop.

Nearest resistance levels: 20000, 20800, 21000, 21500

Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

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