08.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 yesterday corrected downwards to the nearest support level 1975. The potential for further growth is limited by the psychologically important level of 2000, and we expect that the price will not be able to overcome this level. In case of a downward correction the first targets will be 1965 and 1950. Medium term forecast will remain unchanged - negative.

Nearest resistance levels: 2000

Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 reached the first target of 9870 due to the corrective decline. With a further fall, the price will reach 9800. Growth is limited by the strong resistance around 10,000. We maintain a medium-term negative outlook with the target at about 9400.

Nearest resistance levels: 10030, 10500

Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 rebounded from the bottom of the rising channel. As a result, the price chart has formed a triangle figure, after leaving of which is expected a strong price movement. Signals to open positions will become fixing the price below 15200 or above 15500. We expect continued growth and confirm midterm positive outlook.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900

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