05.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreased slightly and now is consolidating below 2000. Continuous price consolidation near the psychologically important level gives reason to expect strong price movements in the near future. We recommend to open short positions with the targets of 1950 and 1915 in the case of fixing the price below 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 has broken through the strong resistance level of 9630 and continued to grow inside the rising channel. The closest target for the further growth is the level of 9800. The correction is possible to 9400. In the nearest time increase in the price is likely to continue, but the medium-term outlook remains negative.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9630, 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after the rebound from the strong support 15500, dropped again and now is trying to break through this level. In case of resumption of growth the target level will be 15800 and 16000. Short positions should be opened after fixing the price below 15350. Within decrease the price may fall to 15000 and 14800. We maintain our positive outlook for the medium-term, but note the decline of the growth potential.

Nearest resistance levels: 15800, 16000

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

July 16 of Japan Performance

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