24.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 stabilized after overcoming the level of 2120 and has broken through the sloping support line. Further growth of the price is limited by the level of resistance at 2135 and its penetration will be the basis for the continuation of the upward movement up to 2150 and 2200. In case of price reduction below the level of 2110, quotes will continue to decline to 2080 and 2070. Our medium-term outlook remains positive.

Nearest resistance levels: 2135, 2150, 2200

Nearest support levels: 2120, 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 reached the next level of resistance at 11600 and started to correct within the local rising channel. Overcoming the level of 11600, will be the basis for the continuation of the upward movement of the price to 11800-11900. Within the correction, quotes can be reduced to 11200. Our medium-term outlook is positive with the objectives at 12600 and 13000.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 approached the psychologically important mark of 21000, but could not reach it. Currently quotes are corrected downwards, and according to our estimates may be reduced to a strong support level at 20650. In case of continued growth and fixing the price above 21000, we expect further growth of price to the level of 21500. We expect further growth of quotations in the medium term.

Nearest resistance levels: 21000, 21500

Nearest support levels: 20800, 20650, 20400, 20000, 19800, 19400, 19000, 18500, 18100

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