04.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after reaching the support level around 1915 corrected upwards to 1930. The further growth within the correction is limited by a strong resistance near 1950, our medium-term outlook remains negative and we expect continued downward dynamics with the objectives of 1850 and 1780.
Nearest resistance levels: 1950, 1990, 2000
Nearest support levels: 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 continued to fall and reached another target 9190. Given the strong downward momentum of recent days, we can see the price drop to the next support level 9000 and 8915. In the medium term, the current negative trend is likely to continue.
Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500
Nearest support levels: 9000, 8915, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 continued to correct, and fell to the bottom of rising channel and is now consolidating around the mark of 15500. At the moment there is a high probability of an upward price rebound. In the near future, we may open a long position with a short stop below 15400 and the target near 15800. Medium-term outlook remains positive.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15400, 15000, 14700, 14600, 14400, 14000, 13900