11.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 almost reached the strong level of 1950, but bounced up and returned to the level 1965, near which continues to consolidate now. We do not exclude the possibility of continuing growth of price to 1985 and 2000, in the near future, but keep medium-term negative outlook. Signal to open short positions will be fixing the price below 1950.

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 within continued fall reached the next target level of 9635 and rebounded from it. Continued reduction with target at 9400 will be possible after breaking through the support at 9635. We expect the current downward trend in the medium term to continue.

Nearest resistance levels: 9700, 9800, 10030, 10500

Nearest support levels: 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 after breaking through the support 15200and exiting the ascending channel is trying to consolidate below these levels. In case of success, the price decline may continue with closest targets about 15000 and 14800. We are reviewing midterm positive outlook and expect new signals for opening positions.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900

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