22.05.2015 - 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 continues to grow along the inclined line of support after rebounded from the level of 2120. According to our expectations, the growth in the near future will continue until 2150, after which the price can reach 2200. The signal of a changing of trend will be breaking through an inclined support line and a local minimum at 2120. In such case we should open short positions with the objectives 2080, 2070 and 2040. Our medium-term outlook remains positive, but we do not exclude the fall in the near future.

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

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

The price of the futures on the Japanese stock index Nikkei225 is trying to overcome the strong resistance level at 20250 and to continue its upward price movement within the channel. In case of correction, quotes are likely to return to 19800. According to our forecasts, the growth of price will continue in the medium term to 21000 and 21500, but we do not exclude the correction in the near future.

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

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

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