05.06.2014 - Technical view on stock indexes

The price of the futures on a wide U.S. stock index S&P500 has failed to consolidate below the level 1,920 and resumed the growth. In the case of resumption of fall, the targets will be 1915 and 1900. We expect the price correction and keep long-term negative outlook on the futures.

Nearest resistance levels: 1950, 2000

Nearest support levels: 1920, 1915, 1900, 1886, 1873, 1860, 1840, 1813

The price of the futures for German stock index DAX30 continues to consolidate around the level of 9900. Further growth is limited by the psychological level of 10,000 and the upper border of the rising channel. Within the correction the price may fall to 9800 and 9700. Today is anticipated the strong growth of market volatility. We expect a downward correction and keep a medium-term negative outlook on the futures.

Nearest resistance levels: 10000

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

The price of the futures for a wide Japanese stock index Nikkei225 continues to consolidate above the psychological level of 15,000 and the amplitude of the fluctuations of the price increases. To continue the upward movement, the price needs to gain a foothold above this level. In case of correction, the price may drop to 14700. We expect the price growth of the futures in the medium term.

Nearest resistance levels: 15000

Nearest support levels: 14700, 14600, 14500, 14000, 13900

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