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23.06.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued gradual increase and reached the upper limit of the upward channel. In case of correction within the channel, the price may drop to a strong support level at 1950. In the coming weeks the price may reach the psychological mark of 2000, after which the is possible the substantial correction by 10-15%. We maintain a medium-term negative outlook but expect continued growth to 2000.

Nearest resistance levels: 2000

Nearest support levels: 1950, 1930, 1915, 1900, 1886, 1873, 1860, 1840, 1813

The price of the futures on the German stock index DAX30 dropped after an unsuccessful attempt to gain a foothold above the psychological level of 10000. Currently the price continues to move inside the rising channel and to change the trend, the quotes must break through the lower boundary of the rising channel and fix below 9850. We maintain a negative medium-term outlook, but do not exclude the continued growth of price in within the channel.

Nearest resistance levels: 10000

Nearest support levels: 9850, 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 dropped after an unsuccessful attempt to gain a foothold above the psychological level of 10,000. Currently the price continues to move inside the rising channel and to change the trend, the quotes must break through the lower boundary of the rising channel and fix below 9,850. We maintain our negative medium-term outlook, but do not exclude the continued growth of price within the channel.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 14900, 14700, 14600, 14400, 14000, 13900

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