26.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the lower boundary of ascending channel, and is trying to overcome the strong support level at 2120. A breaking of this level will become the basis for the price decline in the near future with the objectives at 2080 and 2070. We expect the growth of price in the medium term with the first targets at 2150 and 2200, but do not exclude significant price correction in the near future.
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 move below the level of resistance at 11900 and in case overcoming this level will continue to grow to 12400. On the other hand, there is a high probability of falling the price with the first target at 11200. We expect the growth of price in the medium term and high volatility in the coming weeks.
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 shows steady growth inside the rising channel and recently has overcome a strong resistance level at 20250 and can return to this mark in case of correction. The current upward trend is likely to continue in the near future and will reach the level quotations 20800. On a medium-term view remains positive.
Nearest resistance levels are: 20800, 21000, 21500
Nearest support levels: 20250, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550