17.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has broken the upper limit of the downward channel and reached the psychologically important level of 2000, further growth is limited by the level of 2010 in case of overcoming of which we will revise our medium-term negative outlook. At the moment, we expect further price decline with the objectives at 1950 and 1915.

Nearest resistance levels: 2010, 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

The price of the futures on the German stock index DAX30 failed to gain a foothold below 9600 and continues to consolidate near the upper limit of the local downward channel. Growth is limited by a strong resistance level at 9800. The signal to open short positions will be the price fixing below 9600. In such a case is expected to fall to 9400 and 8900. We maintain a medium-term negative outlook.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9600, 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 continues a gradual increase within an uptrend and moves along the bottom of the rising channel. Growth is limited by an important level of 16000 for the continued growth of the price needs to gain a foothold above this mark. In case of reduction, the signal to open short positions will be fixing the price below 15800. We maintain our positive outlook for the medium-term, but do not exclude the correction in the near future.

Nearest resistance levels: 16000

Nearest support levels: 15800, 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600

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