15.05.2014 - Technical view on stock indexes
The price of the futures on a broad U.S. stock index S&P500 could not overcome the historical maximum and gain a foothold above the psychological level of 1900. The price corrected to the support level at 1886 and may continue downward movement with the first target at 1873. A signal to sell will be price fixing below 1860. We recommend opening long position after price fixing higher than 1900. We maintain a long-term negative outlook for the futures.
Nearest resistance levels: 1900, 1920, 1950, 2000
Nearest support levels: 1886, 1873, 1860, 1813
The price growth of the futures on the German index DAX30 stopped and price slightly corrected downwards. For continued growth price needs to gain a foothold above 9700 and to overcome9780. In case of correction, the price may fall to 9630 and 9400. We maintain a long-term negative outlook for the futures, but we recommend opening long positions in case of quotes fixing above 9700.
Nearest resistance levels: 9800 10000
Nearest support levels: 9700, 9630, 9400, 9200
The price on futures for Nikkei225 after declining returned to the level of 14300. In case of further decrease quotations can reach 14100 and the lower boundary of the local descending channel. In case of further growth a signal to buy will be price fixing above the local maximum at 14625. We keep the medium and long term negative outlook for the futures.
Nearest resistance levels: 14500, 14625
Nearest support levels: 14100, 13900