22.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow gradually and now moves near the level of 2040. Further growth of quotations is limited by the level of historical highs around 2090. In case of resumption of the downward movement the price is likely to reach a strong support at 1975, and then may fall to 1950 and 1915. Our medium-term outlook remains negative, but the price may continue to grow in the near future.

Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 2025, 1975, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 after a minor correction again tried to break the resistance level at 10300. In case of success, growth will continue with the objectives at 10500 and 10600. The correction is limited by the levels of support about 10000. At the moment more probable is the continuation of growth, and our medium-term outlook may be revised to positive but we recommend to wait for additional signals.

Nearest resistance levels: 10300, 10500, 10600

Nearest support levels: 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 is trying to gain a foothold above the level of 17200. The rise in prices in the near future is limited by the resistance level at 17550, after breaking through which the price may continue to grow with the target at 18000. To resume a downward movement with the objectives at 16550, the price needs to break through the support at 17200. Our medium-term outlook remains negative.

Nearest resistance levels: 17550, 18000

Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200

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