21.11.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after fixing the price above the level of 2040 has overcome the important mark of 2050 and continued the growth. Further increase in price is likely to continue to the level of 2100. In case of the beginning of decline, the sell signal will be fixing the price below 2020 and breaking through 2000. We expect a price increase in the near future.
Nearest resistance levels: 2100
Nearest support levels: 2050, 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 fixed above the level of 9400 and hit its target of 9600, fixing above which will be a signal for the continuation of growth with the objectives 9800-9870. In case of reduction, the signal for sale with the objectives of 8600 and 8000 will be fixation of price below 9200. We expect the increase of price in the nearest future.
Nearest resistance levels: 9800, 9870, 10030
Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 again approached to the level of 17500, which is the upper boundary of the triangle. Reduced amplitude of the oscillations indicates a strong price movement in the near future. We forecast growth of quotations and recommend holding long positions with a stop below 16700 and the target near 18000. Our medium-term outlook remains negative.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800