16.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a brief consolidation near the level of 2100 continued its growth to the nearest target level of 2120 and soon may reach historical highs near the level of 2135. To update highs will be needed a strong impulse. In this regard, there is a possibility of correction soon. Our medium-term outlook remains negative.
Nearest resistance levels: 2120, 2135, 2150, 2200
Nearest support levels: 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 after breaking through the upper limit of the descending channel, continued to grow and has overcome the local maximum at 11600, which was the signal for opening long positions with the targets at 11900 and 12400. Within the correction quotations may be reduced to the level of 11400. Our medium-term outlook remains positive and we recommend to open long positions.
Nearest resistance levels are: 11800, 11900, 12000, 12400
Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10000
The price of the futures on the Japanese stock index Nikkei225 continues to grow gradually, and at the moment reached an important level of 20650. In case of the continuation of this level, we expect a further increase in price to the levels of around 20950-21000. Within the correction quotations may fall to 20000. Our medium-term outlook remains positive.
Nearest resistance levels are: 20650, 21000, 21500
Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100