12.11.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken through the lower boundary of the local rising channel and continues to consolidate near the level of 2040. At the moment, we see a reduction of growth potential. Raising the price in the near future, is possible to the level of 2050. In case of reduction the price fixing of quotations below the level of 2000 and we recommend to open short positions. Our medium-term outlook remains negative.

Nearest resistance levels: 2050

Nearest support levels: 2020, 2000, 1990, 1950, 1915, 1900, 1886, 1860, 1820, 1780

September 24, 2014 USSPX Graph

The price of the futures on the German stock index DAX30 after the second unsuccessful attempt to break through the level of 9400 has broken through the lower boundary of the local rising channel. In case of price fall below 9190, we expect a continuation of the downward movement of price in the medium term. We keep a medium-term negative forecast and recommend to wait for the confirmation of the signal to sell.

Nearest resistance levels: 9400, 9600, 9800, 9870, 10030

Nearest support levels: 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 continued to rise and reached the nearest local maximum about 17500. In the near future the price will continue to consolidate near current levels. In the case of reduction, the signal to sell will be fixing the price below 16000. We recommend holding long positions and maintain a medium-term positive outlook.

Nearest resistance levels: 17500

Nearest support levels: 17000, 16700, 16400, 16000, 15800, 15450, 15200, 15000, 14800

Japanese Yen on October 3, 2014

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