16.06.2014 - Technical view on stock indexes

Price of the futures on the broad U.S. stock index S&P500 corrected downwards and now is consolidating near the upper limit of the upward channel. To continue the downward movement, the price needs to fix under 1920. Growth is limited by historical maximum level near 1950. We expect that the price will continue the downward movement in the medium term, but before it the quotes can once again reach the mark 1950.

Nearest resistance levels: 1950, 2000

Nearest support levels: 1920, 1900, 1886, 1873, 1860, 1813

May 2, 2014 USSPX Graph

Price of the futures on German index DAX30 after an attempt to overcome the psychological mark of 10000 retreated downwards and now continues to consolidate near the level of 9900. In case of further decrease, the quotes can fall to 9800 and the lower limit of the upward channel. Potential for further growth is limited and in the medium term more probable is a decline on the German stock market.

Nearest resistance levels: 10000

Nearest support levels: 9800, 9700, 9630, 9400, 9200

The price of futures on Japanese index Nikkei225 increases the range of fluctuations, but continues to move in a sideways trend near the psychological level of 15,000. The signals to buy will serve the price fixing above 15200. In case of price fixation below 14800, we recommend to open short positions with the target of around 14,000. We are waiting for the new signal, but expect continued growth of the futures price in the medium term.

Nearest resistance levels: 15000 15200

Nearest support levels: 14800, 14600, 14500, 14400, 14000, 13900

Japanese Yen on April 23, 2014

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