21.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 approached to historic highs, and to continue the upward movement with the closest targets at 2150 and 2200 will be needed new incentives. In the near future quotations will likely correct downwards to the first targets near 2090 and 2080. Our medium-term outlook remains positive, but we recommend to wait for a signal to open long positions.
Nearest resistance levels: 2120, 2150, 2200
Nearest support levels: 2100, 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continues to grow after a strong downward correction and currently reached the lower boundary of the local rising channel, but was unable to return to its frames. In case of the positive dynamics in the near future, the first targets will be 12400 and 12600. Fixing of quotations below 11600 will be a signal for opening short positions with the targets at 11000 and 10600. We maintain our medium-term positive outlook and recommend holding long positions with a stop below 11600.
Nearest resistance levels: 12000, 12400, 12600, 13000
Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 reached the psychologically important level of 20000 and for the continued growth of quotations is necessary to gain a foothold above this mark. In case of correction, the price may fall to 19800 and 19600. We expect quotations to continue to move within the channel in the near future and we keep the medium-term positive outlook.
Nearest resistance levels: 20000, 20800, 21000, 21500
Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200