21.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 returned to a strong level of 2120. In case of its penetration, we expect a drop to 2070-2080, after which the decline may continue until 2040. On the other hand, fixing the price above the level of 2120, will be the confirmation of the signal to buy with the targets at 2150 and 2200. We maintain medium-term positive outlook, but note a decline of growth potential.

Nearest resistance levels: 2150, 2200

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

The price of the futures on the German stock index DAX30 is consolidated near the level of 11800 after breaking the upper limit of the downward channel, and breaking through local resistance line at 11700. We anticipate continued growth of quotations to 12400 in the near future. With the resumption of downward movement, the price will drop to 11200. We recommend holding long positions and maintain the medium-term positive outlook.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 started to correct downwards after reaching its yearly high. In case of continued correction, quotes will fall to the level of 20000 and the bottom of the channel. On the other hand, overcoming the resistance at 20250, will be the basis for further growth of price to 20800 and 21000. Our medium-term outlook remains positive, but the probability of further correction is high.

Nearest resistance levels are: 20250, 20800, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

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