24.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the resistance level at 2110 and continued to rise to historic highs and currently is consolidating near the level of 2020. The price fixing above this level will be the basis for the continuation of the upward movement of the price with the objectives at 2150 and 2200. The signal for the opening short position will be fixation below 2080. Our medium-term outlook remains positive, but at the moment there is a possibility of reduction of quotations within the correction.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

March 4, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 decreases along the sloping resistance line. In the near future quotations may continue the current dynamics and reach the levels 11600-11650. Fixing below these levels will be a signal to open short positions with the targets at 11000 and 10600. Our medium-term view remains positive with the growth potential to 13000, but the correction may continue in the near future.

Nearest resistance levels: 11850, 12000, 12400, 12600, 13000

Nearest support levels: 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 continues to correct downwards after failing to break through the sloping resistance line. At the moment, quotations reached the level of 20000 and can rebound from it and continue to grow. Fall is limited by the level of 19800 and 19400, below which we recommend to keep the stop. We maintain our positive outlook for the medium-term and recommend holding long positions.

Nearest resistance levels: 20800, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

Japanese Yen on March 16, 2015

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