18.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate below the level of 2080. In the case of breaking of this level, we expect continued growth up to 2020, after which the price can reach marks 2150 and 2200. At the moment, more likely is the resumption of a downward correction with the potential of the price drop to 2040, 2025 and 1990. Our medium-term outlook remains negative, but we expect the fall in the near future.

Nearest resistance levels: 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

The price of the futures on the German stock index DAX30 started to correct after reaching the upper limit of the rising channel and the level of 12200. In case of continued descending movement, quotations may fall to 11600 and the bottom of the channel. According to our forecasts, price growth will continue in the near future and we maintain a positive outlook for the medium-term with a target at 13000.

Nearest resistance levels: 12000, 12600, 13000

Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 continues to rise gradually along the top of the rising channel. The next upside target level is psychologically important level of 20000. In case of correction, quotations may fall to 19000 and the bottom of the channel. We recommend holding long positions before reaching the level of 20000 and with a stop below 18500. Our medium-term view also remains positive.

Nearest resistance levels: 19600, 20000

Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000

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