27.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow along the inclined resistance line and currently stabilized around the level of 2120. In case of correction, quotes will reach the support at 2090. Fixing the price above the level of 2120 will be the basis for the continuation of the upward movement of the price to 2150 and 2200. Our medium-term outlook remains positive, but we do not exclude the price correction to 2040.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 decreases along the inclined resistance line. In case of breaking and fixing the price below the mark 11600, we recommend to open short positions with the potential reduction to 11000 and 10600. In case of breaking the inclined resistance line quotes are likely to reach a local maximum at 12400. Our medium-term outlook remains positive.

Nearest resistance levels: 11850, 12000, 12400, 12600, 13000

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

The price of the futures on the Japanese stock index Nikkei225 is consolidating near the level of 20000 after failed to overcome the inclined resistance line and to gain a foothold above the mark 20200. Further fall is limited by the support level at 19800 and 19600. Our medium-term outlook remains positive and we expect continued growth of quotations in the near future and in the medium term.

Nearest resistance levels: 20800, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

Japanese Yen on March 4, 2015

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