17.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 started to correct after it was not able to overcome the historical maximum. At the moment, the price is trying to resume the growth and in case of fixing the price above the level of 2100, we expect continued growth with the potential of reaching the level of 2150. At the same time, the breaking of the lower boundary of the descending channel and consolidation below 2080 will be the basis for opening short positions with the objectives of 2025 and 1990. We expect the price decline 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 tries to resume growth after corrected to the level 10800. To continue the growth, quotations need to gain a foothold above the level of 11000. In this case, we expect growth of price to 11600 and 12000. In case of reduction and fixing the price below 10600, we recommend to open short positions with potential drop to 10300 and 10000. We keep medium-term positive outlook, but recommend to wait for a signal for further action.
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 rebounded from the bottom of the rising channel and tries to gain a foothold above the level of 18000 that will be the basis for continued growth to 18600 and 19000. At the same time, fixing the price below the mark 17850, will be a signal to open short positions with short-term targets at 17550, 17200 and 16550. We keep medium-term negative outlook and recommend holding long positions.
Nearest resistance levels: 18600, 19000
Nearest support levels: 18000, 17850, 17550, 17200, 16600, 16400, 16000, 15800