16.05.2014 - Technical view on stock indexes

Price of the futures on a wide U.S. stock index S&P500 broke through the support level at 1873 and is consolidating below this mark. In case of further fall a signal to sell will become price fixing below 1860. Growth is limited by resistance levels at 1886 and 1900. We keep medium and long-term negative outlook for S&P500.

Nearest resistance levels: 1873, 1886, 1900

Nearest support levels: 1860, 1840, 1813

Price of the futures for German stock index DAX30 has corrected downwards to a strong support level at 9635. After breaking through this level, the quotes, will probably reach 9400. At the moment there is a high probability of an upward rebound. We maintain a medium-term and long-term negative outlook for the futures.

Nearest resistance levels: 9700, 9790

Nearest support levels: 9635, 9400, 9190, 8915

Price of the futures for a wide Japanese stock index Nikkei225 fell to the bottom of the local descending channel and the psychological mark of 14000. In case of further decline, the signal to sell will become fixing the price below 13900. We expect the rebound of price with target near the upper boundary of the channel and the level of 14400. We maintain a long-term negative outlook for the futures.

Nearest resistance levels: 14500, 14600, 15100

Nearest support levels: 14000, 13900

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