13.11.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue the upward movement within the local rising channel and proceeded the consolidation near the level of 2040. Further growth is limited by the psychologically important level of 2050. In the case of reduction, the signal to sell will be fixing the price below the level of 2000. We maintain a medium-term negative outlook and expect the start of descending movement in the near future.

Nearest resistance levels: 2050

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

October 6 of USD Performance

The price of the futures on the German stock index DAX30 decreased to the strong level of 9200 and continues to consolidate within the corridor 9200-9400. Further growth of quotes is limited by the strong levels near 9600 and 9800. If the price fixates below the mark 9190, we recommend to open short positions with a stop above 9400 and the target levels near 8900 and 8600. Our medium term view remains negative.

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 after correction of price to the level of 17000, resumed the upward movement and again reached the level of a local maximum near 17500. In case of breaking through this mark, we expect continued growth with the target near 18000. The signal on change of the upward trend will be fixing the price below the mark 16700, but this situation is improbable. We maintain a medium-term positive outlook and recommend holding long positions.

Nearest resistance levels: 17500, 18000

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

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