19.09.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the 2010 level, which was the signal to close short positions. The growth of quotations is likely to continue in the medium term. The closest target is likely to be the level of 2050. To change the trend the price needs to break the levels of 2000 and 1990, and then to fix below 1975. In this case, we recommend to open short positions. We revise our negative medium-term outlook and forecast growth in the near future.
Nearest resistance levels: 2050
Nearest support levels: 2010, 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873
The price of the futures on the German stock index DAX30 resumed growth after it bounced of the level of 9600. At the moment the prices reached a strong level 9870 and may continue to increase to 10000 and 10050. In case of a price reversal and the beginning of the fall of, a signal to sell will be fixing the price below 9600. We look forward to continued growth, but medium-term outlook remains negative.
Nearest resistance levels: 9870, 10030, 10500
Nearest support levels: 9800, 9600, 9400, 9190, 9000, 8900, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 after breaking through the psychologically important mark of 16000 continued to grow and is currently close to the level 16400. Further increase in the price is possible up to the upper boundary of the channel. Correction is limited by the level of 16000 and the bottom of the channel. We maintain our positive outlook for the medium-term and recommend holding long positions.
Nearest resistance levels: 16500, 17000
Nearest support levels: 16000, 15800, 15650, 15500, 15350, 15200, 15000, 14800