28.04.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 failed to gain a foothold above the level of 2120 and continued to grow inside the rising channel. At the moment, the quotes are adjusted downwards and may soon reach the level of 2100 and the lower boundary of the channel. For the continuation of growth the price must be fixed above the level of 2120. The signal to sell will be fixing of quotations below 2090. Our medium-term outlook remains positive, but the decline may continue in the near future.

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 has broken through the inclined resistance line and returned to the level of 12000. We expect quotes today to continue to consolidate in the range 11600-12000. The reason for the continued growth will be fixing the price above the level of 12400. On the other hand, consolidation of quotations below 11600, will be a signal for opening short positions with the reduction potential to 11000 and 10600. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 11600.

Nearest resistance levels: 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 continues to try to overcome the strong support level at 20000. In case of success, the price will drop to the sloping support line, breaking through which will be the basis for further fall to 19600. For continued growth, quotations must be fixed above the level of 20200. We maintain our positive outlook for the medium-term with growth potential up to 22000.

Nearest resistance levels: 20800, 21000, 21500

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

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