05.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued upward correction after it rebounded from the support level of 1915. In case of further growth, the quotes, can grow up to 1950 We maintain a medium-term negative outlook and recommend holding short positions with a stop above 1950. Medium-term outlook remains negative with the target near 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 after a sharp decline continues to consolidate near the level of 9190. At this point there is a possibility of ascending correction with the closest target 9400. Despite the possibility of upward movement in the near future, we expect further downward movement in the medium term and recommend holding short positions.

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 was able to break through the lower boundary of the rising channel and the level of 15400. In case of fixing below this level, the quotes are likely to continue to decline to levels of 15200, 15000 and 14800. The resumption of growth is possible after fixing the price above 15500 medium-term outlook remains positive.

Nearest resistance levels: 15400, 15500, 15800, 16000

Nearest support levels: 15000, 14700, 14600, 14400, 14000, 13900

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