29.10.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a long consolidation around the level of 2070 continued to rise and in the near future according to our forecasts will reach the level of 2100. The drop in prices is limited by the lower boundary of the rising channel and the support level at 2040. According to our estimates the price will return to the maximum levels of the year before the end of the year and our medium-term forecast remains positive.
Nearest resistance levels: 2085, 2100, 2120, 2135
Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780
The price of the futures on the German stock index DAX30 after a minor correction continued to rise and in the near future with a high probability will reach the levels 11000-11200, overcoming of which will be the basis for the continuation of the upward movement of price to the level of 20000. Our medium-term outlook remains positive and we recommend holding long positions.
Nearest resistance levels: 11200, 11400, 11800, 12000, 12400
Nearest support levels: 10800, 10400, 10000, 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 corrected downwards, but continues to move along the inclined upward support line. In order to continue this positive trend, quotations will be required to overcome the level of 19200. In this case, the price will rise to 20000. The fall is limited by the sloping support line and an important level at 18500. We keep medium-term positive outlook.
Nearest resistance levels: 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 18500, 18000, 17500, 17000, 16500, 16000, 15200