21.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after strong growth reached the level of 1980, but now is consolidated above 1970. Continued growth is possible after fixing the price above 1985. Upside potential is limited and we expect the beginning of a downward movement and maintain a medium-term negative outlook. A signal to sell will be price fixing below the 1950.

Nearest resistance levels: 1985, 2000

Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 continued to decline and reached the strong level of 9635, which is close to the nearest local minimum. In case of upward rebound, the price may reach 9800. We recommend opening short positions with the target of 9400after fixing the prices below 9635. Medium-term outlook remains negative.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 reached the inclined resistance line and started to correct down. Signal to open positions will become fixing beyond the of the side corridor 15000-15500. More probable is a continuation of the upward trend in the medium term.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15000, 14700, 14600, 14400, 14000, 13900

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