30.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued growth after the rebound from the support level at 2040. To continue the growth near historic highs around 2120, the price has to overcome the level of 2080. In case of renewal of downward movement, quotes will reach 2040, after which the decline may continue to 2025 and 1990. Our medium-term forecast remains positive.
Nearest resistance levels: 2080, 2100, 2120, 2150, 2200
Nearest support levels: 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 returned inside the rising channel after breaking through the upper limit of the local descending channel. For the continued growth, quotations must overcome the level of 12200. In case of correction, quotations may fall to support at 11600. We expect continued growth in the near future with a target at 12200 and in the medium term to 13000. We also recommend holding long positions with a stop below 11600.
Nearest resistance levels: 12200, 12600, 13000
Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 resumed growth after some consolidation above the support at 19200 and reaching the lower boundary of the rising channel. Given the current upward momentum, we expect that in the near future the price will reach 19800. Our medium-term outlook remains negative and we recommend holding long positions with a stop below 19000.
Nearest resistance levels: 19800, 20000
Nearest support levels: 19200, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400