20.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after breaking through the level of 2020 has stabilized above this mark and approached to the lower boundary of the local rising channel. These facts point to the high probability of further growth within the channel to the next targets at 2070 and 2100. Within the correction the price may drop to 2000. Our medium-term outlook remains positive and we expect growth in the near future.
Nearest resistance levels: 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 is consolidating below the level of 10200. Continued growth and fixation above 10400 will confirm a buy signal with the objectives at 11200 and 12000. The breaking of bottom of the channel and the level of support at 9900 will be the signal for the opening short positions. Our medium-term outlook remains positive and we look forward to further growth in the next few days.
Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 corrected downwards and in case of further decline may fall to the level of support at 18000 and 17500. In case of fixing of quotations above the level of 18500, we expect continued growth to levels of 19200 and 20000. Our medium-term outlook remains positive, and we are waiting for the signal to open new positions.
Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200