09.07.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 reached inclined line and the level of support 1965, but failed to fix below it. Within the correction, the price can reach 1975. In case of further decrease the signal to buy will be fixing the price below the level of 1950 and the lower limit of the upward channel. We maintain a medium-term negative outlook.
Nearest resistance levels: 1975, 2000
Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 continues the rapid decline within which broke strong support at 9800 and in case of fixing below this mark will continue to fall to 9630 and 9400. Correction is possible to 9870. Medium-term outlook remains negative with the objectives 9400 and 9000.
Nearest resistance levels: 9800, 10030, 10500
Nearest support levels: 9700, 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 again reached the support at 15200 and the lower boundary of the triangle. At the moment, the futures price increases and will probably reach 15450. Signals to open positions will be fixing the quotes above 15500 or below 15200. We expect growth the price in the medium term.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900