02.06.2014 - ​Technical view on stock indexes

Price of the futures on a wide U.S. stock index S&P500 has fixed above the upper boundary of the rising channel and continued the growth. Further increase in prices is limited by psychological marks at 1950 and 2000. We expect correction of the price with the target at 1900 and keep a long-term negative outlook on futures.

Nearest resistance levels: 1950, 2000

Nearest support levels: 1920, 1900, 1886, 1873, 1860, 1840, 1813

Price of the futures for German stock index DAX30 is moving along the upper limit of the upward channel. Further growth is limited by the psychological level of 10,000. Considering long-term growth and resistance the upper boundary of the channel as the resistance, we expect a downward correction and maintain a medium-term negative outlook for the futures.

Nearest resistance levels: 10000

Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915

Price of the futures for a wide Japanese stock index Nikkei225 fixed above the strong level of 14,600 and almost reached the psychological mark of 15,000. We recommend fixing long positions. Within the correction the price may decline to 14600. We expect the correction in the near future, after which the growth can continue.

Nearest resistance levels: 15000

Nearest support levels: 14600, 14500, 14000, 13900

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