25.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 failed to gain a foothold above the level of 2100 and resumed its decline. In the near future quotations may slip to the level 2080 and 2070. The increase is limited by the historical maximum near 2120. Fixing below 2070 will lead to the fall to 2040, after which the trend may continue until 2025 and 1990. We maintain a medium-term positive outlook, but for the continuation of upward movement, quotations need to fix above 2120.
Nearest resistance levels are 2100, 2120, 2150, 2200
Nearest support levels: 2080, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continues to consolidate inside the rising channel, above 11850. In the near future is likely the resumption of growth quotations for the continuation of which is necessary to overcome the level of 12200. In case of breaking through the lower boundary of the channel and fixation below 11800, we recommend opening short-term short positions with the potential of drop to 11200 and 10600. Our medium-term outlook remains positive, and we recommend holding long positions.
Nearest resistance levels: 12000, 12600, 13000
Nearest support levels: 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 stabilized above 19600 and could not overcome the upper boundary of the rising channel. In the near future there is a high probability of price correction inside the rising channel with the potential of fall to 19200. Our medium-term outlook remains positive, but to overcome the psychologically important level of 20000 will be needed a strong stimulus.
Nearest resistance levels: 20000
Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400