23.10.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after fixing the price above 2020 extended gains and is approaching to the first target level at 2070 after overcoming of which is likely to continue to grow to 2100. In case of correction quotes will return to the support at 2020. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 has shown steady growth and broke through the important level of 10400, which is a signal for further growth of quotations to the target levels at 11200 and 12000. Within the correction, the price can drop to the lower boundary of the rising channel and the level of 10400. We recommend holding long positions and maintain the medium-term negative outlook.

Nearest resistance levels: 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continued to grow after fixation above the desired level of resistance 18500. This fact is a clear signal for further growth of quotations to the target level of 19200, after which the upward trend will continue until the level of 20000. In case of correction, the price will return to the support at 18500. We recommend to open long positions and maintain the medium-term positive outlook.

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

Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200

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