23.09.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued to decline and approached the level of 1910. In case of breaking of this level, we expect a further fall in prices to 1850. It is worth noting the high probability of a rebound of quotations up to 1950 and 2000. According to our estimates, the price will continue to move within the corridor 1910-2000 in the near future. Our medium-term outlook remains positive.

Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150

Nearest support levels: 1910, 1900, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 dropped to the important level of 9600 and fixing the price below this level will be the signal for future decline to 9000. On the other hand, at the moment there is a possibility of rebound of price to the level 10000. Further increase of quotations is limited by the mark 10400. We expect growth of price in the medium term, despite the current drop in prices.

Nearest resistance levels are: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000

The price of the futures on the Japanese stock index Nikkei225 rebounded from the lower limit of the corridor 17500-18500 in which is consolidated in recent times. Fixing of price below the support at 17500 will be the reason for a decline to 16500 and 16000. At the moment, there is a possibility of opening long positions with short stop below 17500 and 18500. Our medium-term outlook is negative despite the fall in prices in last days.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 17500, 16500, 16000

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