11.12.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 resumed the downward movement and has broken the important support level at 2040 and now is trying to gain a foothold below it. In case of success, quotes will continue to decline with the objectives of 2000, 1950 and 1915. We recommend to open short positions with a stop above the level of 2080 and maintain the medium-term negative outlook.
Nearest resistance levels: 2040, 2080, 2100
Nearest support levels: 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820
The price of the futures on the German stock index DAX30 decreases. At the moment quotations, are trying to gain a foothold below 9900. In case of fixing the price below the level of 9800, we recommend to open short positions with the objectives near 9400 and 9190 and a stop above 10100. Our medium-term outlook also remains negative.
Nearest resistance levels: 10000, 10300
Nearest support levels: 9870, 9800, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 within the fall has reached the strong support level at 17200, but was unable to fix below it and started to correct upwards. In case of further correction, the price can reach the level of 17500. In case of fixing the quotations below 17200, we recommend to open short positions with the objectives near 15800. Our medium-term outlook remains positive.
Nearest resistance levels: 17500, 18000
Nearest support levels: 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000