26.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 could not continue to grow and has overcome the level of 2070. At the moment the price is near the level of 2040. For the continuation of the downward movement and to overcome the level of 2025, we forecast a fall to the level of 1975. The increase is limited by the levels 2070 and 2090. We expect the price growth in the near future.
Nearest resistance levels: 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2040, 2025, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 continues to grow within the local ascending channel and reached its upper limit. According to our estimates, the price growth will continue in the near future with the target at 11000. In case of correction, the price may drop to the bottom of the channel and the level of support at 10300. We maintain a positive outlook for the medium-term with growth potential up to 12000.
Nearest resistance levels: 11000, 11200, 11500, 12000
Nearest support levels: 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600
The price of the futures on the Japanese stock index Nikkei225 continues to grow along the sloping support line. At the moment, quotes are trying to break through an important level of 17550. In case of success, is expected the continuation of rising to the levels 17900-18000. On the other hand, breaking through the sloping line of support and consolidation below 17200 will be the reason for the decline of price with the target at 16550. We expect the price growth in the near future, but we recommend to wait for the confirmation of the signal for opening positions.
Nearest resistance levels: 17550, 18000
Nearest support levels: 17200, 16600, 16400, 16000, 15800, 15450, 15200