13.06.2014 - Technical view on stock indexes

The price of the futures on the American stock indexS&P500 slowly decreases after reaching 1950. To continue the growth the price needs to overcome the level 1950. We expect further price decline with the first goal at 1920 and maintain a medium-term negative outlook for the futures.

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 indexDAX30within the correction reached the support at 9900. A further reduction is possible after fixing the price below 9900. Confirmation of the reversal of the upward trend will be breaking through the lower boundary of rising channel and consolidation below 9800. We expect a further decline of price in the medium term.

Nearest resistance levels: 10000

Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 failed to fix below 15,000 and now is trying to continue the growth to 15,200. In case of further increase, a signal to buy will be price fixing above 15200. We recommend opening short positions after fixing the price below 14800. In the medium term, we anticipate continued growth of the futures price.

Nearest resistance levels: 15200, 15500

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

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