24.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow along the inclined support line. Fixing the price above the level of 2100 is the basis for continued growth of the price to 2150 and 2200. In case of breaking through the inclined support line and fixing the price below the level of 2080, we recommend to open short positions with the potential of fall to 2025 and 1990. We maintain our medium-term positive outlook and recommend holding short positions.

Nearest resistance levels: 2150, 2200

Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

The price of the futures on the German stock index DAX30 is gradually increasing after breaking through the upper boundary of the triangle and the psychologically important level of 11000. The price fixing above this mark will be the confirmation for opening long positions with growth potential to the nearest target levels at 11600 and 12000. The signal of changing the negative trend will be breaking through the inclined line of support and fixation below the local minimum at 10800. We keep medium-term positive outlook and recommend holding long positions.

Nearest resistance levels: 11000, 11200, 11600, 12000

Nearest support levels: 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000

The price of the futures on the Japanese stock index Nikkei225 after some consolidation near the level of 18500, continued to grow and now has reached the upper boundary of the rising channel. In the near future we may see a correction in prices within the channel. In this case, quotations may fall to 18400 and the bottom of the channel. We keep positive outlook for the medium-term with a target at 20000 and recommend holding long positions.

Nearest resistance levels: 19000, 20000

Nearest support levels: 18400, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800

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