17.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 corrected upwards to the level of 2080, but was unable to break through it and resumed falling. In case of continuation of the current dynamics, quotes, will reach 2040, overcoming of which will be the basis for the continuation of the fall to 2025 and 1990. We expect a drop in prices in the near future and recommend holding short positions with a stop above 2080. Our medium-term outlook remains positive.
Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200
Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 reached the upper boundary of the rising channel and the level of 12200 and now corrected to important level of 12000. In case of further fall quotes can be reduced to 11600 and 11800. We expect a continuation of the upward movement after fixing above 12000. Our medium-term outlook remains positive with the target at 13000.
Nearest resistance levels: 12000, 12600, 13000
Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10100, 10000
The price of the futures on the Japanese stock index Nikkei225 continues to move along the upper boundary of the rising channel and may soon reach the target level of 19600. In case of reduction of quotations within the channel, the price may fall to 19200 and 18500. According to our estimates, quotes, will continue the upward movement in the medium term and we recommend holding long positions with a stop below 18500.
Nearest resistance levels: 19600, 20000
Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000