18.06.2014 - Technical view on stock indexes

Price of the futures on the broad U.S. stock index S&P500 stabilized near the level of 1940 after the strong growth of volatility. Continued growth is limited by the resistance near historic highs around the level of 1950. For further reduction, the price has to return inside the rising channel and to fix below 1930. We expect a decline on American stock markets in the medium term.

Nearest resistance levels: 1950, 2000

Nearest support levels: 1930, 1920, 1900, 1886, 1873, 1860, 1813

Price of the futures on German index DAX30 again tried to break through the lower boundary of the rising channel, but could not overcome it. Now, the price continues to move along this line. For the continued growth is necessary to fix above 10,000. We expect a decline on the German stock market in the medium term with the objectives at 9800, 9650 and 9400.

Nearest resistance levels: 10000

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

The price of futures on Japanese index Nikkei225 gradually increasing in the sideway the corridor 14800-15200. In case of continued growth, a buy signal will be fixing the price above 15200. Signal for short sale - fixing the price below 14800. We expect low volatility in the near future, and keep a positive outlook in the medium-term.

Nearest resistance levels: 15200

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

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