12.05.2014 - ​Technical view on stock indexes

The price of the futures on a U.S. stock index S&P500 is consolidating within the corridor 1873-1886. The signal to buy will be price fixing above historic highs in the area in 1900. We expect a decline of the futures price with the target at 1813. A signal to sell will be the price fixing below 1860. We keep the medium and long term negative outlook for the S&P500.

Nearest resistance levels: 1884, 1900

Nearest support levels: 1873, 1860, 1840, 1813

The price of the futures on the German stock index DAX30 approached the strong resistance level at 9630. Further growth is limited by resistance at psychological level 9700. We expect futures decline in the near future and recommend opening short positions with the target at 9400 and a stop above 9700. We maintain medium and long-term negative forecast on the futures.

Nearest resistance levels: 9630, 9700

Nearest support levels: 9400, 9190, 8915

The price of the futures on a Japanese stock index Nikkei225 is consolidating around the level of 14150 within the local downstream channel. In case of further decrease the price will reach the psychological mark of 14,000. In case of growth, a signal to buy will be price fixing above 14600. We maintain a long-term negative outlook for the futures.

Nearest resistance levels: 14240, 14500, 14600, 15100

Nearest support levels: 14000, 13900

March 27 of USD Performance

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