11.06.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 still continues to consolidate around the level of 1950. Further upward movement is possible only in case of fixing the price above this level. We expect that the quotes will not be able to continue to grow and will correct downwards with the first target at 1920.

Nearest resistance levels: 1950, 2000

Nearest support levels: 1920, 1915, 1900, 1886, 1873, 1860, 1840, 1813

The price of the futures on the German stock index DAX30 tried to gain a foothold above the psychological mark of 10,000, but failed attempt and began to decline sharply. The closest objectives in case of further fall will be the levels of support at 9900 and 9800. We expect further decline of prices and recommend opening short positions if the price will come out of the rising channel.

Nearest resistance levels: 10000

Nearest support levels: 9900, 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 has reached the level of 14900, but was unable to continue the movement and bounced upwards. After exiting from the ascending channel, the price may continue to fall, but it will be necessary to be fixed below 14900. The signal to buy will be price fixing above 15200. We anticipate continuation of growth of the Japanese stock market in the medium term.

Nearest resistance levels: 15200, 15500

Nearest support levels: 14900, 14700, 14600, 14400, 14000, 13900

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