21.07.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 approached to the historical maximums near the level of 2135. In case of overcoming this level, we expect further growth to 2150 and 2200. At the moment, there is a possibility of a downward correction with the potential of reaching the levels of 2120 and 2100. We expect a decrease of quotations in the near future, but maintain a positive medium-term outlook.
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 reached the level of 11800, but could not overcome it and started to correct downward. In case of further decline, quotes can fall to 11600 and 11400. According to our estimates, after the completion of the correction, quotes will continue to grow and will reach the target levels at 11900 and 12400. Our medium-term outlook is positive.
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 is growing at a moderate pace within the upward trend. According to our estimates, in the near future the price will reach the level of 20950-21000. In case of the beginning of correction, quotes will fall to a level 20400 and 20000. Our medium-term outlook remains positive and we recommend holding long positions.
Nearest resistance levels are: 21000, 21500
Nearest support levels: 20650, 20400, 20000, 19400, 19200, 19000, 18500, 18100