18.06.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a minor correction within the downward channel has returned to the upper boundary and in case of continued growth, can grow up to 2120 and 2135. A more likely scenario, according to our estimates is the further decline within the descending channel with the objectives at 2080 and 2070. We keep medium-term positive outlook but note the possibility of falling prices 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 after some consolidation near the level of 11000, continued to decline and in the near future can reach the target marks 10600 and 10300. To resume the upward movement, the price needs to gain a foothold above the local maximum at 11400. In this case, we can expect the growth of price to 11900 and 12400. Our medium-term outlook is positive, but the negative dynamics may continue in the near future.

Nearest resistance levels are: 11000, 11200, 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 accelerated the decline and has broken the lower limit of the downward channel. In addition, the quotes broke through the important support level at 20000 which is the basis for the continuation of the downward movement of price to the levels of 19400 and 19000. The correction in the near future is possible to 20400 and 20650. Our medium-term outlook remains positive, but the fall is likely to continue in the near future.

Nearest resistance levels: 20000, 20400, 20650, 20800, 21000, 21500

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

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