18.12.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached the bottom of descending channel and the support level at 2020. In case of overcoming these levels, the decline may continue till 1990-2000. On the other hand, at the moment there is a possibility of rebound of the price upwards. In case of opening long positions with the targets 2050 and 2070 the stop should be set below 2020. Our medium-term outlook remains positive, but the decline may continue in the near future.
Nearest resistance levels: 2050, 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 after strong growth within the local descending channel reached its lower boundary and the level of 10800, but could not overcome it and now is corrected downwards. In case of breaking through these levels of resistance, the price will continue to rise to 11000 and 11400. On the other hand now there is an opportunity to open short positions with a stop above 10800 and targets at 10400 and 10000. Our medium-term outlook remains positive despite the possibility of falling in the near future.
Nearest resistance levels: 11000, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10700, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has shown an extremely high level of volatility today, and approached the level of 20000, but could not reach it, and continue to grow. After a sharp rise, quotes began to fall rapidly and in the near future can decline to a local minimum at 18600. Our medium-term outlook remains positive, and we are waiting for the resumption of growth in the near future.
Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200