26.06.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continues to decline after failed to gain a foothold above the level of 2120. In case of continued downward dynamics, quotations reached the next target level at 2080 and 2070. In order to continue the growth, price must overcome the strong resistance level at 2135, which is located near historic highs. Our medium-term outlook remains positive, but the decline may continue in the near future.
Nearest resistance levels: 2135, 2150, 2200
Nearest support levels: 2120, 2100, 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 gradually decreases after an unsuccessful attempt of breaking through the resistance level of 11600. In case of continued downward movement of price, we expect reaching the next target marks at 11000 and 10800. In case of overcoming the strong resistance at 11600, we expect further growth of the price to the levels of 11900 and 12400. Our medium-term outlook remains negative, but the decline may continue in the near future.
Nearest resistance levels: 11600, 11800, 11900, 12000, 12400, 12600, 13000
Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 continues to correct after a strong growth as a result of which quotations have reached the highest level in 18 years. The price reduction within the correction is limited by the levels of 20650 and 20400. In the near future quotes are likely to continue to grow and return to the level of resistance at 20900. We still maintain a medium-term positive outlook.
Nearest resistance levels are: 21000, 21500
Nearest support levels: 20650, 20400, 20000, 19800, 19400, 19000, 18500, 18100