22.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a minor correction continues to consolidate near the level of 1975. The further growth is limited by historical maximums at about 1985 and the psychologically important mark of 2000. Lack of strength of bulls in the medium term should lead to a drop in prices by 10-15%. Signal to open short positions will be fixing the price below 1950. We keep a medium-term negative outlook.

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 had a slight correction after failing to gain a foothold below 9635. The further growth is limited by the resistance at 9800. We keep negative medium-term outlook and recommend opening short positions after price fixing below 9635.

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 continues to move within the corridor 15000-15500. At the moment, growth is limited by sloping line and strong resistance level of 15,500, after overcoming of which the price may reach 15800 and 16000. We keep a positive medium-term forecast on the Japanese market.

Nearest resistance levels: 15500, 15800

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

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