19.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after some consolidation has broken through the level of 2080 and is currently located around the level of 2100. Further growth of quotations is limited by historic highs around 2120. In case of renewed downward movement, we expect a decline in prices to 2020 and 1990. Our medium-term outlook remains positive, but we recommend to wait for a signal to open new positions.
Nearest resistance levels are 2100, 2120, 2150, 2200
Nearest support levels: 2080, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 is consolidated near the level of 12000 and a further fall in prices is limited by the level of support at 11800 and the lower boundary of the local rising channel. To continue the downward movement, quotations must be fixed below these levels. We forecast growth to continue in the medium term with a target at 13000 and recommend holding long positions with a stop below 11600.
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 stabilized near the level of 19500 and continues to consolidate near this level. Continuation of growth is probably after overcoming the resistance at 19600. We recommend holding long positions with a stop below 18500 and maintain a medium-term positive outlook.
Nearest resistance levels: 19600, 20000
Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000