27.03.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded upwards from the support level at 2040, after a sharp drop in the previous days. In case of continued downward movement and fixation of quotations below 2040, the price will continue to decline to 2025 and 1990. Growth is limited by the resistance level at 2070. We expect a continuation of the downward movement of prices in the near future, but keep medium-term negative outlook.

Nearest resistance levels: 2070, 2080, 2100, 2120, 2150, 2200

Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken the lower boundary of the ascending channel and tries to gain a foothold below it and the level of 11850. In case of success, we expect a drop in prices to a level of 11000 and 10600. For further growth the price is necessary to return inside the rising channel and to overcome the local maximum at 12200. Our medium-term outlook remains positive.

Nearest resistance levels: 12000, 12600, 13000

Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 corrected to the level of 19200 and the lower boundary of the rising channel. In case of continued growth within the channel, the price will reach 20000. In case of breaking through the lower limit of the channel and fixing the price below 19000, we expect a drop in prices to the level of 18500 and 18000. Our medium-term outlook remains positive and we expect a further increase in prices.

Nearest resistance levels: 20000

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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