31.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 fixed above the level of 2100 and continued upward movement. In the near future according to our estimates quotes will reach the level of 2120, and then can continue to grow up to 2135. The signal for the resumption of the downward movement of price will be fixing below the level of 2100. The fall of price in the near future is limited by the levels 2065 and 2045. Overcoming the historical highs in the near future is unlikely and we expect consolidation near current levels in the near future.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2065, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continues to gradually rise along the inclined line of support and in case of resumption of downward movement may return to the levels of 11000 and 10800. According to our estimates, the growth of quotations will continue in the near future to the levels 11400 and 11650. We also maintain a medium-term positive outlook.

Nearest resistance levels are: 11400, 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 is gradually increasing along the inclined line of support and in case of fixing above resistance level at 20650, will continue its upward movement to 20950-21000. The breaking of the inclined line of support and important level of 20400, will be the basis for the drop in prices of to 20000 in the near future. Our medium-term outlook remains positive, but the price is likely to continue to move around the current levels in the near future.

Nearest resistance levels: 20650, 21000, 21500

Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100

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