18.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected down to 1940, but failed to fix below the 1950 and continued to grow. With continued current trend, the closest target level will be 1975. In case of a change of the current direction, the sell signal will be fixing the price below 1930. Despite the ability to continue growing in the near future, we keep medium-term negative outlook.

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 after breaking the inclined support line, fell sharply to 9100, but resumed its upward movement and will soon is likely to reach the level of 9300, and then can continue to move upwards to 9400. With the resumption of the fall, the target levels will be 8915 and 8600. We 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 fixed above the level of 15200 and continues to consolidate in a narrow range of 15200-15350. In case of breaking the upper limit of the corridor, the price is likely to reach 15500, and can then continue to rise to levels of 15800 and 16000. We maintain a medium-term positive outlook.

Nearest resistance levels: 15350, 15500, 15800, 16000

Nearest support levels: 15200, 15000, 14800, 14700, 14600, 14400, 14000, 13900

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