15.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues its consolidation below the level of 1900 after it tried to overcome it within the correction. In the near future quotes are likely to be consolidated within the corridor 1873-1900, after which according to our forecasts it will continue to fall. We recommend holding short positions with a target level 1780 and a stop above 1950. Our medium-term outlook remains negative.

Nearest resistance levels: 1886, 1900, 1915, 1940, 1950, 1980, 2000, 2010, 2020, 2050

Nearest support levels 1873, 1850, 1820, and 1780

September 3 of USD Performance

The price of the futures on the German stock index DAX30 continues its consolidation around the level of 8800 and moves within the local downward channel. Fixing the price below the psychologically important level of 9000 is a confirmation of the signal to sell. In case of correction, the price may rise to the level of 9200 above which we recommend to set a stop. Our medium-term outlook remains negative with the objectives of 8600 and 8000.

Nearest resistance levels: 8900, 9000, 9190, 9400, 9600, 9800, 9870, 10030

Nearest support levels: 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after reaching the target level of 14800 reductions stopped and now is consolidating within the corridor 14800-15200. Further growth within the correction is limited by the level of 15450. We expect further price reduction with the target near 14000 and a stop above 15500. Our medium-term view remains negative.

Nearest resistance levels: 15000, 15200, 15450, 15650, 15800, 16000, 16100, 16500, 17000

Nearest support levels: 14800, 14500, 14000, 13400

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