17.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 came close to the level of resistance at 2000. Fixing of price above this level will become the basis for the continuation of the upward movement of quotations and opening long positions with the first targets at 2070 and 2100. In case of renewal of the negative dynamics quotations may reach the lower limit of the corridor at 1910. Our medium-term outlook remains positive and we are waiting for the signal to open new positions.
Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 indicates low volatility and moves along the lower boundary of the rising local corridor. Fixing of price above 10400 will be a signal for opening long positions with the targets at 11000 and 11600. On the other hand, fixing of quotations below 10000 will be the basis for the return of the price to minimum near 9600. Our medium-term outlook remains negative.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400
The price of the futures on the Japanese stock index Nikkei225 has grown to the important level of 18500 and continues to consolidate below it. Continued growth is possible to the nearest targets at 19200 and 20000, but for it quotes need to overcome strong resistance at 18500. Within the drop, quotes can be reduced to 17500. The medium-term outlook remains negative.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17500, 16500, 16000