15.07.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued gradual growth, but failed to reach a historic high near 1985. The further growth is limited by the psychological mark of 2000. In case of correction, the first goal is the level of 1965. We maintain a medium-term negative outlook.
Nearest resistance levels: 1975, 2000
Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 after it rebounded from the strong support at 9635 had almost reached the level of 9800. To continue the growth, the price needs to gain a foothold above this mark. We expect the resumption of the downward movement in the near future and maintain the medium-term a negative outlook with targets near 9635 and 9400.
Nearest resistance levels: 9700, 9800, 10030, 10500
Nearest support levels: 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 continued gradual growth and approached to the strong resistance level of 15,500, after breaking through which the quotes will continue to rise with the objectives of 15800 and 16000. In case of another reduction, the price will drop to supports at 15200 and 15000. We expect the signals to open new positions.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15200, 15000, 14700, 14600, 14400, 14000, 13900