23.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 keeps consolidating below the level of 2110. For the continuation of growth, quotations must overcome historical highs near 2115. In case of a fall, and breaking through the level 2090, quotes will continue to decline to 2070 and 2040. Our medium-term outlook remains positive despite the apparent reduction in strength of the bulls. In the near future, the price may continue downward movement within the correction.
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 continues to correct downwards after strong growth in previous weeks. In case of continuation of the current negative trends, the signal for the opening short positions with the targets at 11000 and 10600 will be fixing the price below 11600. More likely is the resumption of growth with the potential of reaching the marks 12600 and 13000. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 11600.
Nearest resistance levels: 11850, 12000, 12400, 12600, 13000
Nearest support levels: 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 is corrected downwards after reaching 20250. It is worth mentioning that the price fixing above 20000 is the basis for the continuation of the upward movement. Downward correction is limited by the support level at 20000, 19800 and the inclined support line. We maintain our positive outlook for the medium-term and recommend holding long positions.
Nearest resistance levels: 20800, 21000, 21500
Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200