29.06.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 dropped to the strong support level at 2070 and rebounded upwards after failing to overcome it. In the near future the price can close the gap and reach the level of 2100. On the other hand in case of the price fixing below the level of 2070, the price will continue to decline to 2040 and 1990. We keep positive outlook for the medium-term, but in the near future we can see the continuation of a downward trend.

Nearest resistance levels: 2100, 2120, 2135, 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 some price consolidation within the range 11400-11600, has shown a sharp drop and approached the level of 10800, but could not reach it, and right now quotations are corrected upwards. For the continuation of the downward movement with the targets at 10600 and 10300, the price needs to overcome the level of 10800. We keep medium-term positive outlook, but assume the possibility of reducing the price in the near future.

Nearest resistance levels: 11200, 11400, 11600, 11800, 11900, 12000, 12400, 12600, 13000

Nearest support levels: 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 started the trading week with a gap down and now is consolidating near the level 20250 and may continue to decline to the support level at 20000. In case of upward correction, quotes will rise to 20400, and 20650. We expect the price growth in the medium term, but the current decline may continue in the near future.

Nearest resistance levels: 20400, 20650, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100

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