27.02.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after some consolidation below the level of 2120, began to decline gradually and in the near future may drop to 2100. It is worth noting that the quotes have broken through the lower boundary of the rising channel and consolidation of quotations below the level of 2080, will be the basis for further reduction to 2025 and 1990. At the same time, the fixation higher than 2100 will be the basis for the continuation of the upward movement with the objectives at 2150 and 2200. We maintain our medium-term positive outlook.

Nearest resistance levels: 2150, 2200

Nearest support levels: 2100, 2080, 2070, 2025, 2000, 1975, 1950, 1915, 1900, 1886, 1860

January 20, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 is growing within the local uptrend. In case of correction, quotations may slip to the level of 11000. The signal of changing the trend will be the price fixing below the support at 10800. In this case, we should expect a decline to 10300 and 10000. We keep the medium-term positive outlook and recommend holding long positions with the first targets at 11600 and 12000.

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 approach the target level of 19000 and moves within the local rising channel. In case of changing a positive trend, confirmation of a sell signal will be fixation the price below 18550. We anticipate the growth of price to continue in the near future. We also maintain a medium-term positive outlook and expect growth to 20000.

Nearest resistance levels: 19000, 20000

Nearest support levels: 18500, 18100, 17850, 17550, 17200, 16600, 16400, 16000, 15800

Japanese Yen on January 26, 2015

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