25.02.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to grow gradually along the inclined support line. Fixing of quotations above 2100 is the basis for further growth of price up to 2150 and 2200. The breaking of this support line and fixing the price below the level of 2080 will be the basis for opening short positions with the potential fall to 2025 and 1990. Our medium-term outlook remains positive and we recommend keeping long position.
Nearest resistance levels: 2150, 2200
Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860
The price of the futures on the German stock index DAX30 continued the upward movement after fixing the price above the level of 11000. Nearest targets are 11600 and 12000. In case of correction, quotes will drop to 11000. A signal of changing of the trend will be breaking through the sloping line of support and consolidation of quotations below the local minimum at 10800. We maintain medium-term positive outlook and recommend holding long positions with a stop below 10800.
Nearest resistance levels: 11600, 12000
Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10100, 10000, 9600, 9400, 9190
The price of the futures on the Japanese stock index Nikkei225 continues to grow within the upward trend. According to our forecasts in the near future quotes will reach the level of 19000, after which they may continue to rise to 20000. In the case of correction, quotes will drop to 18500 and 18200. We recommend holding long positions with a stop below 17900 and maintain a medium-term positive outlook.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800