30.09.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 started to correct upwards and approached the important level of 1910. In case of breaking the upper boundary of the channel and the level of 1910, quotes will continue to rise to 1950 and 2000. At the moment, there is the possibility of renewed price fall within the channel in the near future with a target at 1850. We expect growth of price in the medium term despite the continuation of negative dynamics in the short term.
Nearest resistance levels: 1910, 1950, 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135
Nearest support levels: 1886, 1850, 1780
The price of the futures on the German stock index DAX30 broke through the upper boundary of the local descending channel and at the moment is above the psychologically important level of 9600. The sharp increase gives grounds to expect further growth to 10000 in the near future. Our medium-term outlook remains positive, but a signal of changing the current negative trend will be fixing the price above 10400.
Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400
Nearest support levels: 9600, 9400, 9000, 8500
The price of the futures on the Japanese stock index Nikkei225 has shown strong growth after the rebound from the level of 17000. In case of breaking the mark of 17500, the quotes are likely to continue to increase to the inclined line of resistance and 18000. In case of breaking and fixing the price above given marks, the growth will continue until 18500 and 19200. Our medium-term outlook remains positive but the decline may continue in the medium term.
Nearest resistance levels: 17500, 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500
Nearest support levels: 17000, 16500, 16000, 15200