27.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the support level at 2100 and continued to decline. Currently quotes are consolidated near the level of 2080, and according to our forecasts will reach the target marks at 2070 and 2040 in the near future. The growth of quotations within the correction is limited by the level of 2100, breaking through which will be the basis for continued growth to 2120 and 2135. We expect the price decline in the near future, but maintain positive outlook for the medium term.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to fall and within the fall broke the mark 11400. In the near future quotations are likely to continue falling to 11200 and then may fall to 10800. For the renewed growth, the price needs to overcome the resistance at 11600. Our medium-term outlook remains positive, but the current decline will likely continue in the coming days.

Nearest resistance levels: 11400, 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 decreases within the local descending channel and has recently broken through the support level at 20400. We expect further fall of price in the near future to 20000, a breaking of which will be a signal for the continuation of the downward movement to 19200. More probable is the resumption of growth with the potential of reaching the marks 20950-21000 after completion the current correction. Our medium-term outlook remains positive.

Nearest resistance levels: 20400, 20650, 21000, 21500

Nearest support levels: 20000, 19400, 19200, 19000, 18500, 18100

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