06.11.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 is trying to gain a foothold above the level of 2020. In order to continue the growth inside the rising channel, the price needs to gain a foothold above the level of 2020. The potential for further growth is limited and we expect the resumption of falling the price in the medium term. In case of reduction, the signal to open short positions will be fixing the price near the level of 1970. We maintain a medium-term negative outlook.
Nearest resistance levels: 2020, 2050
Nearest support levels: 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820, 1780
The price of the futures on the German stock index DAX30 continues to consolidate within the local rising channel above the level of 9190. In order to continue the growth the price should gain a foothold above the level of 9400. We expect the resumption of the price reduction in the medium term. A signal to sell will be fixing the price below 9000. Today we expect the rise of the price volatility. Our forecast for the medium term remains negative.
Nearest resistance levels: 9400, 9600, 9800, 9870, 10030
Nearest support levels: 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 after consolidation near the level of 17000 began to decline. In case continuation of the current movement quotations may fall to the sloping support line. We expect the price to rebound from the level of 16700 and the formation of a triangle, after leaving of which price volatility will increase significantly. We maintain a medium-term positive outlook.
Nearest resistance levels: 17000, 17500
Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800, 14500