24.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to consolidate below the level of 1950. In case of continuation of the fall and fixing the price below 1910, we expect a drop in prices up to 1850. On the other hand in case of breaking through the mark 1950, we expect growth of quotations to 2000. Our medium-term outlook remains positive, but the decline may continue in nearest time.
Nearest resistance levels: 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150
Nearest support levels: 1910, 1900, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after some consolidation near the important support level of 9600, has continued to fall within the local downtrend. This fact indicates a high likelihood of further price decline to the level of 9000. In case of correction quotations may return to the important level of 10000. Our medium-term outlook remains positive, but the fall is likely to continue in the short term.
Nearest resistance levels: 9600, 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 continued to decline along the sloping support line at 17500. The price fixing under the lower limit of the corridor 17500-18500, is a signal to sell with the objectives at 16500 and 16000. In case of correction, the quotes can return to 18000. We are waiting for confirmation of a sell signal and assume the possibility of reducing in the short term. We also maintain our medium-term negative outlook.
Nearest resistance levels are: 17500, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 16500, 16000