14.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has overcome the resistance at 1940 and now is consolidating below 1950. To overcome this level will need considerable incentive. In case of correction, the price will reach the levels 1915 and 1900. We maintain a medium-term negative outlook and expect price drop in the near future.
Nearest resistance levels: 1950, 1990, 2000
Nearest support levels: 1940, 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 started to correct after an unsuccessful attempt to overcome the resistance level 9190. In case of further decrease, the closest target levels will be 9000 and 8900. In case of continued growth, the price is likely to reach the resistance near 9400. We recommend holding short positions and maintain a medium-term negative outlook.
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 after overcoming the level of 15200, hit 15300and continues to consolidate near it. The fall is limited by support at 15200. We expect continued ascending tendency to 15500, after which quotations may continue movement to 15800 and 16000. We maintain a medium-term positive outlook.
Nearest resistance levels: 15400, 15500, 15800, 16000
Nearest support levels: 15200, 15000, 14800, 14700, 14600, 14400, 14000, 13900