24.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after consolidation below the level of 2100 started to correct downward and in the near future may be reduced to the target levels at 2060 and 2020. For the continuation of growth with objectives at 2120 and 2135, quotes must overcome the resistance level at 2100. Our medium-term outlook remains positive, but in the near future we expect price decline.

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

Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 was not able to continue its growth after overcoming the level of 11000 and some consolidation above this level. In the near future the price may fall to 10700-10800, and overcoming these levels will be the basis for further fall to 10400 and 10000. Our medium-term outlook remains positive, but the probability of decline in the near future is above average.

Nearest resistance levels: 11200, 11400, 11800, 12000, 12400

Nearest support levels: 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate within the range of 19800-20000. Overcoming its upper limit will be the basis for further growth of quotations inside the rising channel to the target levels at 20400 and 20650. In case of breaking through the lower boundary of the channel, quotes can be reduced to 19200. We expect growth in the medium term, but in the near future the price may fall.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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