22.12.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a minor correction returned to the levels of local maximums and are trying to break through the resistance at 2080. In case of success, the price will continue to rise to 2150-2200. At the moment there is a high probability of reduction of quotations with the objectives of 2050, 2040 and 1975. Our medium-term outlook remains negative, but we recommend to wait for a signal to open short positions.

Nearest resistance levels: 2080, 2100

Nearest support levels: 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 after correction to the level of 9700, has started growing again and now is trying to continue its upward movement to the objectives of near 10000. At the moment more likely is the price correction after reaching the level of 10000. We expect a drop in prices in the medium term, but recommend to wait for the price fixing below the level of 9700, for opening short positions.

Nearest resistance levels: 10000, 10300

Nearest support levels: 9870, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 stabilized and continues to consolidate above the level of 17500. In order to continue the upward movement the price needs to gain a foothold above the level of 17800. In case of resumption of downward movement, quotes will reach 17200 and 16700. We expect a drop in prices in the medium term, but assume continued growth with a target 18000 in the near future.

Nearest resistance levels: 18000

Nearest support levels: 17500, 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200

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