30.01.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 resumed its decline after the correction to the level of 2025. In order to continue falling with the first target at 1975, the price must break through the support at 2000. In case of overcoming the mark 2025, growth can continue with the objectives of 2050 and 2070. We expect increase in the medium term, but in the near time can see the short fall. Today is expected the increase of price volatility.
Nearest resistance levels: 2025, 2070, 2090, 2100, 2150, 2200
Nearest support levels: 2000, 1975, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 again reached the level of 10800, but could not overcome it and at the moment is located near the lower boundary of the rising channel. In case of overcoming of 10800, the growth is expected to continue to 11000-10200. In case of breaking through the bottom boundary of the channel and fixing below 10600, we forecast a drop to 10300 and 10000. Our medium-term outlook remains positive, but we can see a correction in the near future.
Nearest resistance levels: 10800, 11000, 11200, 11500, 12000
Nearest support levels: 10600, 10300, 10100, 10000, 9600, 9400, 9190, 9000, 8800, 8600
The price of the futures on the Japanese stock index Nikkei225 decreased after again could not break through the resistance at 17800. At this point quotations reached a strong level of 17550, in case of breaking through which will continue the reduction with the potential of reaching 17200 and 16550. We maintain our positive outlook for the medium-term with the target at 12000, but there is a decrease of the bullish power at the moment.
Nearest resistance levels: 18000, 18600, 19000
Nearest support levels: 17550, 17200, 16600, 16400, 16000, 15800, 15450, 15200