21.05.2014 - Technical view on stock indexes
The price of futures on the broad American stock index S&P500 dropped again to strong level of 1873. In case of further fall, a signal to sellwill be the price fixing below 1860. Growth is limited by resistance levels at 1886 and 1900. We keep medium and long term negative outlook on the futures.
Nearest resistance levels: 1886, 1900
Nearest support levels: 1860, 1840, 1813
Price of the futures on German index DAX30 continues to move along the bottom of the local rising channel. Within the channel, the price can reach the level of 10000, but first it needs to overcome resistance at 9700 and 9800. In case of decrease, a signal to sell will be price fixing below 9550. We keep long-term negative outlook on the futures.
Nearest resistance levels: 9700, 9800, 10000
Nearest support levels: 9550, 9400, 9200
The price of futures for Japanese index Nikkei225 continues to consolidate near the psychological level of 14,000 and the lower boundary of the descending channel. To continue the downward movement, the price needs to fix below this mark. The growth of price within the channel can reach 14400. We expect that the price will continue to move within the channel and keep a long-term negative outlook on the futures.
Nearest resistance levels: 14400, 14600
Nearest support levels: 13900, 13500