20.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has overcome the level of 2120 and continued to grow. According to our estimates quotations will reach historical highs near 2135 in the near future, but for their overcoming will be needed a strong impulse. In case of change of the current positive momentum to negative and fixing the price below the level of 2120, we recommend to open short positions with the potential of fall to 2100 and 2070. We expect the growth of price in the medium term, but in the near future may see a correction.

Nearest resistance levels: 2135, 2150, 2200

Nearest support levels: 2120, 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has continued the growth within the local ascending channel, and according to our estimates will continue to rise in the near future to the level of 11900, and then will increase to 12400. Within the correction, quotations may decline to the strong support at 11600. Our medium-term outlook remains positive, and we expect growth in the near future.

Nearest resistance levels: 11800, 11900, 12000, 12400

Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 continues to grow steadily within the local ascending channel and recently has overcome a strong level of 20650, which is the reason for the further growth up to 20950-21000. Within the correction, the price can drop to 20650, and 20400. We expect a further increase in prices in the medium term and in the near future.

Nearest resistance levels are: 21000, 21500

Nearest support levels: 20650, 20400, 20000, 19400, 19200, 19000, 18500, 18100

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