26.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 returned inside the rising channel and currently is consolidating around the level of 2070 after overcoming of which will very likely reach the target mark of 2100. The fall in the price is limited by the support level at 2040 and 2020. We expect further growth of prices in the near future and in the medium term.
Nearest resistance levels: 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 has stabilized near the level of 10800 after steady growth. In case of correction, the price can drop to 10650 and 10400, but according to our estimates will continue the upward movement within the channel. We expect continued upward price movement in the near future to the target levels at 11200 and 12000. Our medium-term view is also positive.
Nearest resistance levels: 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has reached the target level of 19200, but could not overcome it and started to correct downwards. Current price decline may continue until the level of 18500 and the sloping support line. Our medium-term outlook remains positive and we recommend holding long positions with the targets of about 20000.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200