15.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 continued its upward movement and has overcome the important level of 1950. Further growth is possible to the level of 1975. In case of resumption the downward movement, a signal to re-opening of short positions will be fixing the price below the local minimum near 1930. Despite the upward trend of the last days, is expected the decline of quotes in the medium term.
Nearest resistance levels: 1975, 1990, 2000
Nearest support levels: 1950, 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 continues to consolidate within a narrow side channel below 15350. Further growth is limited by a strong level of 15500. The signal to open short positions will be fixing the price below 15100. We maintain a positive outlook for the medium-term with objectives at 15800 and 16000, but note the decline of potential for further growth.
Nearest resistance levels: 15350, 15500, 15800, 16000
Nearest support levels: 15200, 15000, 14800, 14700, 14600, 14400, 14000, 13900