20.06.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after yesterday's growth continues to consolidate near historic highs around the level of 1958. In case of continued growth in the medium term the price can reach the psychological mark of 2000. Fall is limited by the support levels of 1950 and 1930. We expect continued growth, but in the medium term the price decline is likely to resume.
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 has failed to overcome the strong resistance level at 10,000 and continues to consolidate near it. For the continued growth the price needs to gain a foothold above this mark. To change the trend the price needs to break through the lower boundary of the rising channel and fix below 9850. We expect limited growth with the subsequent decrease in the medium term.
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 slowed the growth and now is consolidating around the level of 15400. The fall of price is limited by the lower boundary of the local rising channel and the nearest support level at 15200. We expect the price growth of the futures in the medium term.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15200, 14900, 14700, 14600, 14400, 14000, 13900