23.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate below the level of 2100 and its overcoming will lead to continued upward movement to the resistance levels at 2120 and 2135. In order to overcome historical highs around 2135 will be needed a strong incentive. In case of breaking the local minimum of 2080, quotes will drop to 2060, after which the decline may continue through 2020 and 2000. Our medium-term outlook remains positive, but the probability of reduction in the near future has increased significantly.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2080, 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 continues to consolidate above the level of 11000. In case of further growth quotations will reach the levels 11400, 11800 and 12000. The fall is limited by the support level at 11700-11800, fixation below which will be a signal for opening short positions with the potential of fall to 10400 and 10000. Our medium-term outlook remains positive.

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

Nearest support levels: 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 reached the target level of 20000 and in the case of overcoming it will continue to rise to the levels of 20400 and 20650. The correction of price is limited by the lower boundary of channel and fixing below it will become the basis for the continuation of negative dynamics to 19200. We expect growth of quotations in the near future and maintain the medium-term positive outlook.

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

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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