17.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected upwards in the descending channel and reached its upper limit and the resistance level at 2100. In case of continued growth and breaking through the upper boundary of the channel quotations will reach the level 2120 and 2135. On the other hand at the moment there is a great probability of reduction of quotations within the descending channel in the near future.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 returned to the important level of 11000 after a strong decline over the previous days. Further growth is limited by a sloping resistance level and the mark 11400. According to our forecast, the price decline in the near future may continue to the levels 10600 and 10300. To resume growth, the price needs to overcome and fix above the local maximum at 11400. We maintain medium-term positive outlook.

Nearest resistance levels are: 11200, 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 decreases after a minor upward correction. The next upside target level according to our forecasts will be the psychologically important mark of 20000, a breaking of which will be the trigger for further fall to 19400, and 19000. We maintain medium-term positive outlook, but for overcoming highs near 20650 will be needed a strong incentive.

Nearest resistance levels: 20400, 20650, 20800, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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