26.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 shows an increase and is currently trying to overcome the resistance level at 2100. If successful, the upward dynamics will continue to 2120 and 2135. In order to overcome historical highs around 2135, is needed a strong price momentum. Our medium-term outlook remains positive, but in the near future we may see a correction to the 2060 and the 2020.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 within the strong upward momentum was able to overcome the resistance level at 11200, which is the basis for the continued growth of price to 11400 and 11800. The fall is limited by the levels of support around 10700-10800. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 10700.

Nearest resistance levels: 11400, 11800, 12000, 12400

Nearest support levels: 11200, 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 continues to rise gradually along the lower boundary of the rising channel and reached the psychologically important level of 20000. In case of fixing the price above this level, the growth will continue until 20400 and 20650. In case of breaking through the boundary of the channel and fixing below 19800, we recommend to fix long positions and expect continuation of the fall up to 19200-19400. Our medium-term outlook remains positive.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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