18.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after reaching the level of 2060 and the sloping resistance line, corrected downward and continues to consolidate below these levels. In the near future quotations may continue decline to the first targets at 2020 and 2000. Fixation above 2060 will lead to continued growth of price to 2100. We maintain our medium-term positive outlook, but the decline may continue in the near future.

Nearest resistance levels: 2060, 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 returned to a strong level of resistance at 11000 and is consolidating below this mark. In case of overcoming this level quotations will continue to rise to 11400 and 12000. On the other hand, now there is a high probability of price reduction to the levels of 10400 and 10000. A signal to sell will be fixation lower than 10800. We are waiting for new signal for opening positions. Our medium-term outlook remains positive.

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

Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continued growth inside the rising channel and in the near future very likely to continue its upward movement to 20000, after overcoming of which the growth will continue until the 20400 and 20650. The breaking of the bottom of the channel will be the basis for the price reduction to the level of 19200, overcoming of which in the near future is unlikely. We expect growth in the medium term and recommend holding long positions.

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

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

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