14.11.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate around the level of 2040. Long-term consolidation within a narrow range can lead to a strong price movement in the near future. The closest target level in case of growth will be 2050. In case of reduction, the signal to sell will be fixing the price below 2000. We maintain a medium-term negative outlook, but we recommend to wait for confirmation of the signal to sell.

Nearest resistance levels: 2050

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

The price of the futures on the German stock index DAX30 continues to consolidate within the corridor 9190-9400. Recently quotations has broken through the lower boundary of the local rising channel, which gives reason to expect a change in trend. Confirmation of a sell signal will be fixing the price below 9190. In this case, the stop should be set higher than 9400. We maintain a medium-term negative outlook with the objectives of 8600 and 8000.

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 cannot overcome the strong resistance level at 17500 and continues to consolidate below this mark. After overcoming this level we expect price growth to 18000. We recommend holding long positions with a stop below 16700 and maintain a medium-term positive outlook and expect continued growth in the coming days.

Nearest resistance levels: 17500, 18000

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

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