22.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after the descending correction resumed the downward movement and currently is consolidated near the level of 2120. A further increase in price is limited by the resistance level at 2135. The signal of changing the local ascending trend to negative will be breaking through the sloping line of support and fixation below the level of 2110. We expect growth in the medium term, but note the probability of downward movement in the near future.
Nearest resistance levels: 2120, 2135, 2150, 2200
Nearest support levels: 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 is growing rapidly and will soon reach the level of resistance at 11400. In case of overcoming this mark there is a high probability of continuing upward trend to 11900. Target levels at renewal of decrease will be 10800 and 10300. We expect increasing price in the medium time period.
Nearest resistance levels: 11400, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 again was unable to gain a foothold below the psychologically important level of 20000 and resumed growth in which has broken through the inclined resistance line and in the near future is likely to reach the strong resistance at 20650. Overcoming this level will become the basis for further growth with a target at 21000. We keep the medium-term positive outlook .
Nearest resistance levels: 20650, 20800, 21000, 21500
Nearest support levels: 20400, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550