06.006.2014 - Technical view on stock indexes

The price of the futures on a wide U.S. stock index S&P500 returned inside the rising channel and reached the level of 1940. In case of continued movement the closest target will be the level of 1950. Within the correction, the price can fall to 1920. We expect further upward movement, but keep a long-term negative outlook on the market.

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 resumed its upward movement and is consolidating below the psychological mark of 10,000. To continue the growth, the price needs to overcome this level. We expect the correction within the channel to 9800 and keep a long-term negative outlook.

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 mark of 15,000 and reached the lower limit of the local rising channel. In case of decrease a signal to sell will be fixing price below 15000. We expect the resumption of price growth within channel and keep a medium-term positive outlook.

Nearest resistance levels: 15500

Nearest support levels: 15000, 14700, 14600, 14500, 14000, 13900

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