19.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 consolidates below the important level of 2100. In case of fixation above 2100, we expect continued ascending tendency with growth potential to 2150 and 2200. In case of breaking through the inclined support line and the level of 2080, we expect a price drop to 2025 and 1990. We maintain our medium-term positive outlook but expect a fall in the near future.
Nearest resistance levels are 2100, 2150, 2200
Nearest support levels: 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 is consolidated within the triangle and after fixing outside it will show strong price movement. Signals to buy with the target at 11600, will be fixing above 11000. We recommend to open short-term short positions after the price fixing below 10800. Our medium-term outlook remains positive, but in the near future we may see a drop to 10300 and 10000.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000
The price of the futures on the Japanese stock index Nikkei225 has broken the upper boundary of the rising channel and tries to gain a foothold above it. In case of success we expect the growth to the level of 18600 and 19000. In case of correction, quotes will drop to 18100. We recommend holding long positions and expect the continued growth of prices in the medium term.
Nearest resistance levels: 18600, 19000
Nearest support levels: 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800