06.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 again has reached the strong support level around 1915, and may soon bounce upwards. Growth is limited by the levels of resistance at 1940 and 1950. To continue the downward movement to the next targets of 1900 and 1886, the price needs to fix below 1915. Medium-term outlook remains negative with the target at 1780.
Nearest resistance levels: 1940, 1950, 1990, 2000
Nearest support levels: 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 after the consolidation continued the downward movement in the near future is likely to reach the psychologically important level of 9000. The upward correction is possible up to 9190 and 9400. Our medium-term outlook remains negative.
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 accelerated decline after it has left the rising channel and broke through the level of 15400. Current trend is likely to continue to achieve an important level of 15000, after which, the price may go down to 14800. Correction is limited by the levels of resistance at 15400 and 15500. We are reviewing a positive medium-term outlook and wait for additional signals to determine the medium-term prospects.
Nearest resistance levels: 15400, 15500, 15800, 16000
Nearest support levels: 15000, 14700, 14600, 14400, 14000, 13900