22.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreased to the level of 2090. The increase is limited by the level of historical highs around 2115. In case of continued downward movement, the price will fall to 2070, and then may continue to fall to 2040. We maintain our positive outlook for the medium-term, but in the near future quotations will continue to move below the level 2115.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 secured at the lower boundary of the rising channel. At the moment, the quotes are reduced and in case of fixing the price below 11600, we recommend to open short positions with the targets at 11000 and 10600. Our medium-term outlook remains positive and we recommend holding long positions with the targets at 12600 and 13000.

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 continued growth and fixed above the level of 20000. Currently quotations reached the upper boundary of rising channel and may correct downwards in the near future. In this case, quotations may fall to 19800 and 19600. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 19500.

Nearest resistance levels: 20800, 21000, 21500

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

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