19.05.2014 - Technical view on stock indexes

The price of the futures on a broad U.S. stock index S&P500 has corrected to the level of support 1873 and continues to move within the corridor 1873-1900. A signal to sell will be price fixing below the 1860. We recommend to open long positions after the price fixation higher than 1900. We keep a long-term negative outlook on futures and expect index decrease in the near future.

Nearest resistance levels: 1886, 1900, 1920, 1950, 2000

Nearest support levels: 1873, 1860, 1813

The price growth of the futures on the German index DAX30 stopped and price slightly corrected downwards. For continued growth price needs to gain a foothold above 9700 and to overcome9780. In case of correction, the price may fall to 9630 and 9400. We maintain a long-term negative outlook for the futures, but we recommend opening long positions in case of quotes fixing above 9700.

Nearest resistance levels: 9800 10000

Nearest support levels: 9700, 9630, 9400, 9200

The price on futures for Nikkei225 after declining returned to the level of 14300. In case of further decrease quotations can reach 14100 and the lower boundary of the local descending channel. In case of further growth a signal to buy will be price fixing above the local maximum at 14625. We keep the medium and long term negative outlook for the futures.

Nearest resistance levels: 14500, 14625

Nearest support levels: 14100, 13900

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