31.08.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has corrected upwards, but could not overcome it and currently is consolidated within the corridor 1950-2000. In case of overcoming the level of 2000, we expect further growth of quotations to the levels of 2045 and 2070. On the other hand, a drop below 1950 will be the basis for further price reduction to 1850 and 1780. We expect the price growth in the medium term.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150, 2200

Nearest support levels: 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has corrected upwards to the level of 10400, but could not continue an upward trend. In case of continued growth, the nearest target levels will be 10800 and 11000. The fall of prices in the near future is limited by the levels of 9600 and 9400. We expect the price growth in the medium term despite the possibility of falling in the near future.

Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400

The price of the futures on the Japanese stock index Nikkei225 after some consolidation below 19200, started to correct downwards and in the case of the continuation of the downward movement may fall to 18500 and 17650. To continue the growth, quotations need to gain a foothold above the level of 19200. Our medium-term outlook remains positive, but we do not exclude the fall in the near future.

Nearest resistance levels: 19000, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18500, 18100, 17650

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