17.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued to rise after reaching the target level of 2120. This fact is the basis for the continuation of ascending movement of price to historical highs near the level of 2135. In case of correction, the first target will be the level of 2100. Our medium-term outlook remains positive, but in the near future we may see a downward correction.
Nearest resistance levels: 2135, 2150, 2200
Nearest support levels: 2120, 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 is corrected down after confident growth in the previous days. It is worth noting that recently quotes has broken through the upper limit of the descending channel and have overcome the strong resistance level at 11600. This fact is a buy signal, and we recommend to open long positions after the correction. Our medium-term outlook is positive with targets at 12000 and 12400.
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 is consolidated near the level of 20650 after the strong growth in recent days. In case of breaking of this level, we expect further growth of quotations to the levels 20950-21000. According to our estimates, more probable is a correction of price in the near future with the potential of reduction to 20400, and 20000. Our medium-term outlook remains positive.
Nearest resistance levels are: 20650, 21000, 21500
Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100