06.01.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was able to gain a foothold below the level of 2050, which was a confirmation of the signal to sell. At the moment, quotations are trying to gain a foothold below the level of 2020. In case of correction, the price may rise to 2040 and 2050. Our medium-term outlook remains negative and we recommend holding short positions with the targets 1950 and 1915 and a stop above 2090.
Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200
Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 reached the first target after was able to overcome a strong support level at 9700. In case of further reduction, we expect the achievement of the levels 9190 and 8900. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 9900.
Nearest resistance levels: 9600, 9700, 10000, 10100, 10300
Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 continued to fall and broke through the support level at 17200. According to our forecasts in the near future quotations will reach the level of 16700. In case of correction, the price may rise to 17200. We continue to expect a decline of quotations in the medium and short term, with the target level at 16000.
Nearest resistance levels:: 17000, 17200, 17500, 18000
Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200