24.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a long consolidation near the level of 2080, continued to grow and reached the level of 2090. In case of further increase quotes will reach 2100, the overcoming of which will become the reason for growth to 2150-2200. If the price fixates below 2070, we are forecasting drop to the levels of 2040 and 2000. Given the reduction in the potential for further growth, we forecast decline in prices in the medium term.
Nearest resistance levels are 2100, 2150, 2200
Nearest support levels: 2080, 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 continues to consolidate above the level of 9900. In case of continuation of the current dynamics, quotes will continue to rise to the levels of 10000-10100. Securing below 9700 will be the first signal to sell with the potential of reduction to the levels of 9400 and 9190. We expect a low price volatility in the near future. Our medium-term outlook remains negative.
Nearest resistance levels: 10000, 10300
Nearest support levels: 9900, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 corrected within the local uptrend. The price volatility is low. In case of further growth, quotations may reach an annual maximum near 18100. Further increase in price is unlikely. In case of reduction, the signal for the opening short position will become fixing the price below 17500. Our negative medium-term outlook remains unchanged.
Nearest resistance levels: 18000, 18100
Nearest support levels: 17500, 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200