04.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidating around the level of 2000. For the continuation of growth the price needs a strong incentive. In case of reduction, the signal to open short positions with the targets at 1950 and 1915 will be fixation of quotations below the local minimum at 1290. Our medium-term outlook remains negative.

Nearest resistance levels: 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 after a rebound from the bottom of the rising channel, reached the level of 9630, but failed to gain a foothold above it and started to correct downwards. In case of breaking through the lower boundary of the rising channel, confirmation of a sell signal will be fixing the price below 9400. In such case the target levels will be 9190 and 8900. We maintain a medium-term negative outlook.

Nearest resistance levels: 9630, 9800, 9870, 10030, 10500

Nearest support levels: 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 continues to correct after an unsuccessful attempt to break through the upper boundary of the rising channel and the level of 15800. Currently the price has dropped to the nearest local maximum of 15650 and is likely to rebound from it and to continue the upward movement with the objectives of 15800 and 16000. Fall is limited by a strong support level at 15500. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 15800, 16000

Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400

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