28.11.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 stabilized near the level of 2170 and will likely continue to consolidate near this mark in the near future. It is worth noting that today, traders can fix some positions, but volatility will remain low. Decline is limited by the lower boundary of the rising channel. In case of a fall, a signal to sell will be fixing the price below 2040. In the short term the price may rise to 2100.
Nearest resistance levels: 2100
Nearest support levels: 2060, 2040, 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 reached 10000, but could not overcome it. According to our estimates, quotes will fall today and may reach the level of 9800-9870. Growth is limited by psychologically important level of 10000 for the breaking of which will be needed a significant incentive, as well as sloping resistance level. We expect the price correction in the near future.
Nearest resistance levels: 10030
Nearest support levels: 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 after falling to the level of 17200 resumed growth and again approached to an important level 17500. Fixing the price above this mark will be the basis for the continuation of the upward movement with the target of around 18000. We recommend holding short positions with a stop below 17000 and maintain a medium-term negative outlook.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800