19.06.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has broken through the historical maximum around 1950 and now is trying to gain a foothold above this mark. Further growth is limited by the psychological mark of 2000. In case of decrease the price may reach 1930. We are waiting for the price fixation above 1950, after which we can expect continued growth.
Nearest resistance levels: 2000
Nearest support levels: 1950, 1930, 1915, 1900, 1886, 1873, 1860, 1840, 1813
The price of the futures on the German stock index DAX30 continued the growth inside the rising channel and reached the psychological level of 10,000, for overcoming of which will be needed a strong impulse. The signal to buy will be fixing the price above 10000. A signal to sell - fixing the price below 9850. We expect the signals to determine future price movements.
Nearest resistance levels: 10000
Nearest support levels: 9850, 9800, 9700, 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 has broken through the resistance at the nearest local maximum of about 15,200 and continued the growth. We recommend opening long positions in case of fixing the price above this level. In such case the price can rise up to 15500 and 15800. Correction is possible to 15200. We maintain a positive outlook for the futures in the medium-term.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15200, 14900, 14700, 14600, 14400, 14000, 13900