25.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the sloping support line, but continues to move above the level of 2120. In case of penetration of this level quotations will continue to decline to 2080 and 2070. The next upside target levels within framework of the growth will be 2150 and 2200. Our medium-term positive outlook remains unchanged, but in the nearest future we can see the price correction.
Nearest resistance levels: 2150, 2200
Nearest support levels: 2120, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continues to consolidate within a narrow corridor below the strong resistance level at 11900. Overcoming this level will become the basis for the continuation of the upward price movement to 12400. In case of correction and reduction of quotations below 11700, we expect further fall of prices to 11200. We keep medium-term positive forecast.
Nearest resistance levels are: 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11700, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 is growing steadily after updating a maximum of about 20250. Within the correction price may return to this level, but after that the price growth with a high probability will continue. We expect further growth of prices inside the rising channel in the nearest future and maintain the medium-term positive outlook for the medium term.
Nearest resistance levels are: 20800, 21000, 21500
Nearest support levels: 20250, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550