23.05.2014 - Technical view on stock indexes
Price of the futures on a wide U.S. stock index S&P500 fixed above the level of 1886 and continues an upward movement. Further growth is limited by historical maximum around 1900. In case of decrease, a signal to sell will be price fixing below 1860. We keep medium and long term negative outlook on the S&P500.
Nearest resistance levels: 1900
Nearest support levels: 1886, 1873, 1860, 1840, 1813
Price of the futures for German stock index DAX30 continued the upward movement and fixed above the level of 9700. For the continuation of ascending movement, the price needs to gain a foothold above 9800. In case of decrease, a signal to sell will be price fixing below 9635. We keep medium and long term negative outlook on the futures.
Nearest resistance levels: 9800, 10000
Nearest support levels: 9700, 9635, 9400, 9190, 8915
Price of the futures for a wide Japanese stock index Nikkei225 has broken through the upper limit of the downward channel and reached the resistance level of 14,500. In case of further growth, the closest target will be the level of 14,600, after overcoming of which the price will reach 15000. Within correction the price may drop to 14300-14400. We keep a long-term negative outlook on the futures.
Nearest resistance levels: 14500, 14600, 15100
Nearest support levels: 14000, 13900