23.12.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate near the level of the historical maximum of about 2080. In case of breaking through this mark, we expect the upward movement to the levels of 2150-2200. At the moment there is a high probability of price reduction to the level of 2050, and a further fall with the objectives of 2000, 1950 and 1915. Our medium-term outlook remains negative.

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 again reached the level of 9900 and continues to consolidate near it. Further growth is limited by the level of 10100. If the price fixates below 9700, we recommend to open short positions with the objectives of 9400 and 9190. Our medium-term outlook remains negative in spite of the current upward movement of the price.

Nearest resistance levels: 10000, 10300

Nearest support levels: 9900, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 rose to 17800, after rebounded from the levels of 17600. A further increase in the price is limited by a maximum near 18000. In case of reduction and fixation of quotations below 17500, we expect the price reduction to 16700 and recommend to open short positions. Our medium-term outlook remains negative.

Nearest resistance levels: 18000

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

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