11.09.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 was unable to fix below the level of 1990 and returned to the corridor 1990-2010. Further growth is limited by the upper boundary of the channel. We forecast a fall in price in the medium term with objectives at 1950 and 1915, but recommend to wait for fixing the price below 1990. The outlook revision is possible in the case of overcoming the 2010 level.
Nearest resistance levels: 2010, 2050
Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 is trying to break through the lower boundary of the rising channel. In case of success and fixing the price below 9600, we recommend to open short positions with the targets of 9400 and 8900. The growth is limited by the resistance level at 9870 and 10000. Our medium-term outlook remains negative.
Nearest resistance levels: 9800, 9870, 10030, 10500
Nearest support levels: 9630, 9400, 9190, 9000, 8900, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 is gradually increasing after breaking through the strong level of 15800. Based on the this, we confirm our positive outlook for the medium-term and recommend holding long positions, which should be closed in the case of a fall below 15600. In the nearest future quotes probably will reach 16000. Our medium-term view remains positive.
Nearest resistance levels: 16000
Nearest support levels: 15800, 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600