27.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 moves within a narrow range around the level of 2070. In case of reduction, the price can reach the nearest support level at 2040 and the lower boundary of the rising channel. At the same time, more likely according to our forecasts is the continued positive momentum within an uptrend with the first target at 2100, after which growth will continue until 2120 and 2135. Our medium-term outlook remains optimistic and we recommend holding long positions.
Nearest resistance levels: 2070, 2085, 2100, 2120, 2135
Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after reaching the upper boundary of the rising channel and the level of 10800, stopped growing and currently shows an extremely low price volatility in anticipation of the new signal for opening positions. Correction of quotations is possible to the levels 10650 and 10400. We expect a continuation of the positive price movement and reaching the marks of 11200 and 12000 in the medium term.
Nearest resistance levels: 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 corrected downwards after reaching the levels of 19200. The continuation of the current dynamics is possible to the level of 18500 and an inclined line of support, but overcoming them is unlikely. According to our forecasts, the dynamics of prices will continue rising in the near future and in the medium term to around 20000.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200