30.04.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was unable to gain a foothold above the level of 2120, and corrected downwards to the lower boundary of the rising channel. In case of continuation of descending movement of price and fixation of quotations below the support level at 2090, we recommend to open short positions with the targets at 2040 and 1990. Our medium-term outlook remains positive, but after some consolidation, we can see the continuation of price correction.
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 break an important level of 11600 and reached the lower limit of the local downtrend channel. Fixing the price below 11600 will be a signal to open short positions with the potential of price falling to the level of 11000 and 10600. According to our forecasts fall within the channel will continue in the near future, but the medium-term outlook remains positive.
Nearest resistance levels are: 11600, 12000, 12400, 12600, 13000
Nearest support levels: 11450, 11200, 11000, 10800, 10600, 10300
The price of the futures on the Japanese stock index Nikkei225 has broken through the lower boundary of the rising channel and the level of support at 19600 and currently is near 19500. Fixing the price below this level will confirm the signal for the opening short positions with the potential of price falling to the level of 19000 and 18100. Our medium-term outlook remains positive, but in the near future more than likely is a continuation of descending movement of prices.
Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500
Nearest support levels: 19500, 19000, 18500, 18100, 17850, 17550, 17200