24.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued growth after overcoming the level of 2050, and reached the upper limit of the downward channel and the level of 2065, overcoming this level will be the basis for further growth of quotations to 2080 and 2100. At the moment, there is the possibility of renewed negative dynamics of prices in a downward channel with the first targets at 2050 and 2020. Our medium-term outlook remains positive, but the probability of falling in the coming weeks is above average.

Nearest resistance levels: 2065, 2080, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2050, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 broke through the upper limit of the downward channel, and in case of overcoming the important level of 10800, will continue to rise to 11000, 11200 and 11400. The fall of price level is limited by 10400. We expect growth in the near future and medium term, but do not exclude the resumption of price correction.

Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 has shown sharp decline, and approached to a strong support level at 18600. Breaking of this level and the continuation of the fall will cause a further reduction of quotations to 18000 and 17500. More likely is the resumption of growth price with the first targets at 19000, 19400 and 19700. Our medium-term outlook remains positive and now there is a possibility to open a long position with a short stop below 18600.

Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200

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