23.10.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 after a minor correction yesterday, is trying to resume an upward movement. Fixing the price above 1950 will be a signal to close short positions. Potential for further growth remains low and we recommend holding short positions with the target near 1780. Our medium-term outlook remains negative, but we can see the continuation of the upward price movement.
Nearest resistance levels: 1950, 1980, 2000
Nearest support levels: 1915, 1900, 1886, 1860, 1820, 1780
The price of the futures on the German stock index DAX30 after fixing above the level of 8800 continued to grow and now is trying to overcome the psychologically important level of 9000. In case of further growth and fixing the quotes above 9200, we recommend closing short positions. At the moment, our outlook remains negative and we expect a price drop to the levels around 8000 in the medium term.
Nearest resistance levels: 9000, 9190, 9400, 9600, 9800, 9870, 10030
Nearest support levels: 8900, 8600, 8200, 8000
The price of the futures on the Japanese stock index Nikkei225 has broken through the inclined resistance line and tries to gain a foothold above the level of 15200. Fixing above this mark will be the basis for opening long positions. Further growth is limited by the levels of 15450 and 16000. We maintain a medium-term negative outlook, but admit the possibility of further growth in the near future.
Nearest resistance levels: 15200, 15450, 15650, 15800, 16000, 16100
Nearest support levels: 15000, 14800, 14500, 14000, 13400