29.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 returned to the important level of 2120 and fixing of quotations above this level will be the basis for the continued growth of quotations to 2150 and 2200. The signal about changing the positive trend will be breaking through the lower boundary of the rising channel and fixing the price below 2090. Our medium-term outlook remains positive and we expect increased volatility today.
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 could not break through the inclined resistance line and returned to the levels of the previous day. Currently quotes continue to be consolidated within the local triangle in the case of fixing the price below 11600, we recommend to open short positions with the potential fall to 11000, and 10600. We keep medium-term positive outlook with upside potential to 13000.
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 gradually decline after reaching the level of 20200. At the moment the price is consolidating near the level of 20000. In order to continue the upward trend, quotations need to gain a foothold above 20200. On the other hand, the signal for the opening short position will be fixation of quotations below the mark 19800 and the inclined support line. We keep medium-term positive outlook, and recommend holding long positions.
Nearest resistance levels are: 20000, 20800, 21000, 21500
Nearest support levels: 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200