17.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected upwards after falling sharply and approached the important level of 2060. A further increase in prices is limited by the sloping line of support for breaking of which will be needed a strong incentive. In the near future the price decline may resume with the potential of reaching the levels of 2020 and 2000. Our medium-term forecast, despite a possible drop remains positive.

Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 showed growth after a sharp fall at the beginning of the trading week. A further increase in prices is possible up to 11000, and the overcoming of this level will become the basis for the continuation of the upward price movement to the target levels at 11400 and 12000. The fall is limited by the support levels at 10400 and 10000. We expect growth of price in the medium term, but do not exclude the fall in the near future.

Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 rebounded from the lower boundary of the rising channel and approached to the local maximum near 19800. In the near future quotes will probably reach the psychologically important 20000 level of, after overcoming which can grow up to 20400, 20650, and 21000. We recommend holding long positions with a stop below 19200 and save the optimistic medium-term forecast.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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