28.05.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a sharp drop to the level of 2100, resumed growth and returned to the important level 2120 near which is consolidated at the moment. For the continuation of growth to the next targets at 2150 and 2200, the price needs to overcome the resistance level at 2135. In case of decrease the price is likely to reach the support level at 2080. We expect medium-term growth of price but do not exclude the 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 falling to 11600 corrected upwards. For the continuation of growth with the potential of reaching local maximum at the level of 12400, the price needs to overcome 11900. On the other hand, falling of the price can continue until 11200 and overcome this level of support, but according to our forecasts, this scenario is unlikely.
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 is corrected inside the rising channel after has once again updated highs. Within the correction, quotes can be reduced to the level of 20250 and the lower boundary of the rising channel. On the other hand more likely is a continuation of the upward movement and reaching the next target level at 21000. We recommend holding long positions 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