01.07.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 increasing gradually within the corridor 1950-1965. Continued growth inside the rising channel is possible after fixing the price above 1965. In case of growth, the price can reach the psychological mark of 2000. In case of decline, a signal to sell will be price fixing below the 1930. We maintain a medium-term negative outlook.
Nearest resistance levels: 1965, 2000
Nearest support levels: 1950, 1930, 1915, 1900, 1886, 1873, 1860, 1840, 1813
The price of the futures on the German stock index DAX30 corrected up to the level of 9870 after declining the previous day to 9800. To continue falling, the price must be fixed below 9800. Growth is limited the strong resistance around 10,000. We keep negative medium-term with targets at 9400 and 9000.
Nearest resistance levels: 9870 10000
Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 returned back above the level 15200 after it failed to decline below the boundary of the rising channel. The closest target with continued growth will be the level of 15450. Fall is limited by the level of 15000 and the bottom of the channel. We keep positive outlook for the medium-term.
Nearest resistance levels: 15450, 15800
Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900