12.06.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to decline gradually amid weakness of bulls on the market. If the price will not gain a foothold above the psychological mark of 1950, the quotes of the futures will drop to 1920 and may continue to decline further. A signal to sell will be price fixing below 1940. In the medium term, we expect a decline of the futures price.

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 finally started correcting down and probably in the near future will reach the level of 9900, and then can continue the downward movement inside the rising channel with a target at 9800. Growth is limited by six-year maximum of about 10,000. We expect a continuation of the correction and further decline of price in the medium term.

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 is trying to fix below 15,000. In case of success, the downward movement may continue to 14600. We recommend opening long positions after the quotes fixing above 15200. In the medium term the upward trend is likely to continue.

Nearest resistance levels: 15200, 15500

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

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