09.06.2014 - Technical view on stock indexes

The price of the futures on a wide U.S. stock index S&P500 continued growth inside the rising channel and reached its upper limit. In addition, the price now is consolidating near the psychological level of 1950. In case of consolidation above 1950 the quotes can reach 2000. Correction is possible to 1920. We maintain a long-term negative outlook and expect the futures price correction.

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 increased slightly within the channel and reached the psychological mark of 10,000. For continued growth, the price needs to gain a foothold above this level. We expect a downward correction of price of with targets at 9800 and 9700.

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 fixed above the psychological level of 15000 and continues to move along the bottom of rising channel. In case of reduction, a signal to sell will be price fixing below 15000. We expect continued growth index with near 15500 targets.

Nearest resistance levels: 15500

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

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