25.11.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is gradually increasing along the top edge of the rising channel. According to our estimates quotes will continue to rise to a strong level of 2100. Correction is possible to the level of 2040 and the bottom of the channel. Signal to open short positions in case of falling of the price will be fixing of quotations below 2040. We expect growth of the price in the near future, but its potential according to our estimates is insignificant.
Nearest resistance levels: 2100
Nearest support levels: 2060, 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 after some consolidation near the level of 9800, continued the upward movement and reached the level of 9870. In case of further growth, quotes will reach the psychologically important level of 10000. In order to fix the price above this level will be needed a substantial stimulus. Fall is limited by the level of 9600. We expect a gradual increase in price in the near future.
Nearest resistance levels: 9870, 10030
Nearest support levels: 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 continues to move within the triangle and now is consolidated near its upper limit. If the price will fix above the level of 17500, the growth of quotations will accelerate. In case of reduction, the signal for the opening of short positions will be fixing the price below 17000. We expect growth of the price and recommend holding long positions with a target near 18000. The medium-term view also remains positive.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800