27.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the important level of 2120 and reached the lower limit of the downward channel. Currently quotes are corrected upwards and may return to the level of 2120 in the near future. It should be noted that the penetration and fixation below 2120 will be the reason of the price to fall further to 2080, 2040 and 1990. Our medium-term positive outlook remains unchanged, but we can see a significant correction in the near future.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after a long consolidation below the level of 11900, resumed falling and according to our forecasts will drop to a local minimum at 11200 for the resumption of growth, the price level needs to overcome the resistance at 11900. We expect a continuation of a downward price movement in the near future, but maintain a medium-term negative outlook.

Nearest resistance levels are: 11700, 11900, 12000, 12400, 12600, 13000

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

The price of the futures on the Japanese stock index Nikkei225 after some correction resumed upward movement and, according to our estimates, will continue to rise in the near future to 20800 and 21000. The fall of the level of support is limited by 20250 and the lower boundary of the rising channel. We are likely to expect further growth of prices and maintain the medium-term positive outlook.

Nearest resistance levels are: 20800, 21000, 21500

Nearest support levels: 20250, 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550

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