31.03.2015 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued gradual growth and at the moment is trying to gain a foothold above the level of 2080. In case of fixing the price above this mark, the price may continue to rise until 2100 and 2120. The fall in the coming days is limited by a strong support at 2040. The breaking of this level will be the basis for further price drops to 2025 and 1990. We maintain a positive outlook for the medium-term, but do not see a strong signal for the opening position.
Nearest resistance levels are 2100, 2120, 2150, 2200
Nearest support levels: 2080, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886
The price of the futures on the German stock index DAX30 continued to grow after returning inside the rising channel. In the near future quotes will reach the level of 12200, after which most likely will continue to rise up to 12600 and 13000. The fall within the correction is limited by the level of support at 11600. We recommend holding long positions with a stop below 11600 and maintain a medium-term positive outlook.
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 could not overcome the level of 19600 and started to decline sharply. At the moment, the quotes have reached the bottom of the channel and in case of continuation of the downward movement and consolidation below 19200, we expect further downward movement to the psychologically important level of 19000. Further fall is limited by the support at 18600. We expect price growth in the medium term and recommend holding long positions.
Nearest resistance levels: 19800, 20000
Nearest support levels: 19200, 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400