26.02.2015 - 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. Taking into account the price fixing above the level 2100, we recommend to open long positions with the closest target at 2150 and 2200. In case of breaking through the inclined support line and fixing the price below 2080, we recommend to open short positions with the potential fall to 2025 and 1990. Our medium-term outlook remains positive.
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 after overcoming the psychologically important level of 11000, continues to grow gradually. In case of correction, quotations may fall to the level of 11000 and the inclined support line. In case of change of a positive trend, and the beginning of the fall of the price and fixing below 10800, we recommend opening short-term short positions with the potential drop to 10300 and 10000. We continue to recommend holding long positions with growth potential to 11600 and 12000, and keep a positive outlook for the medium-term.
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 inside the rising channel and according to our forecast in the near future will reach the next target level of 19000. In case of correction quotations may fall to 18500. According to our estimates the price will continue to rise in the near future and in the medium term. We recommend holding long positions with a stop below 18200 and objectives at 19000 and 20000.
Nearest resistance levels: 19000, 20000
Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800