12.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected upwards and reached the nearest local maximum of about 1940 further growth is limited by the resistance near 1950. We expect the resumption of the downward movement in the near future and maintain a medium-term negative outlook with the target around 1780.

Nearest resistance levels: 1940, 1950, 1990, 2000

Nearest support levels: 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 increased within the correction to the level of 9190, but failed to overcome this level and now is consolidating below it. In case of continued growth, the quotes can grow up to 9400. We expect the resumption of the price fall with the closest targets at 9000 and 8900. Medium-term outlook remains negative.

Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9000, 8915, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 slowed the pace of a corrective rally, but reached a strong level of 15200. Further increase is possible only after the price fixation above 15200. In such case, growth may continue to 15500 and 15800. Fall is limited by levels of support at 15000 and 14800. In the medium term, we will probably see a continuation of the upward price movement.

Nearest resistance levels: 15200, 15400, 15500, 15800, 16000

Nearest support levels: 15000, 14800, 14700, 14600, 14400, 14000, 13900

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