23.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 approached the important level of 2050, and overcoming this mark will be the basis for further growth to the upper boundary of the downward channel. At the same time quotes may correct down to 2020 in the near future. We keep medium-term positive outlook, but do not rule out continued reduction of prices in the coming weeks.

Nearest resistance levels: 2050, 2100, 2120, 2135, 2150, 2200

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

The price of the futures on the German stock index DAX30 rebounded from the support at 10400 and has reached the upper boundary of the downward channel. Its breaking and fixation above the level of 10800, will be a strong buy signal with the objectives at 11400 and 11800. In case of continued negative dynamics within the channel the price will continue to fall to 10000 and 9600. We keep medium-term positive outlook.

Nearest resistance levels: 10800, 11000, 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 has stopped the decline and now is consolidating below the level of 19000. Falling of the price in the coming days is limited by the support at 18600. We expect continued growth in price with the potential of reaching the levels 19700 and 20000 in the near future.

Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200

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