22.05.2014 - Technical view on stock indexes

Price of the futures on the broad U.S. stock index S&P500 has broken the resistance level at 1886 and is trying to gain a foothold above it. Further growth is limited by resistance near 1900. We keep a long-term negative outlook on futures and expect the index fall in the near future.

Nearest resistance levels: 1900, 1920, 1950, 2000

Nearest support levels: 1886, 1873, 1860, 1813

Price of the futures on German index DAX30 continued upward movement and has overcome the level of 9700. For continued growth, the price needs to gain a foothold above 9800. In case of decrease, a signal to sell will be price fixing below 9650. We keep a long-term negative outlook for the futures.

Nearest resistance levels: 9800, 10000

Nearest support levels: 9700, 9630, 9400, 9200

The price of futures on Japanese index Nikkei225 rebounded from the lower boundary of the descending channel and the psychological level of 14,000. Now the price is consolidating near the upper boundary of the channel and may correct downwards. To continue the upward movement, the price needs to fix above the nearest local maximum at 14,500. We maintain a long-term negative outlook on the futures.

Nearest resistance levels: 14400, 14500, 14625

Nearest support levels: 14000, 13900

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