25.06.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has fallen sharply to a strong level of support at 1950. A further reduction is possible only in case of fixing below this mark. Further movement is limited by the boundaries of the rising channel. We expect a reversal of the upward trend in the medium term with closest targets at 1930 and 1900.
Nearest resistance levels: 1965, 2000
Nearest support levels: 1950, 1930, 1915, 1900, 1886, 1873, 1860, 1840, 1813
The price of the futures on the German stock index DAX30 reached the level of the nearest local maximum and is trying to fix below it. In case of success, will be completed the reversal formation "double top. A signal to sell will be price fixing below the 9870. We confirm our medium-term negative outlook on the futures.
Nearest resistance levels: 10000
Nearest support levels: 9870, 9800, 9700, 9635, 9400, 9190, 8915
The price of the futures on the Japanese stock index Nikkei225 reached the strong support level at 15290 and may continue to fall after fixing the price below this level. Within the fall, the quotes, probably will reach the lower boundary of rising channel and can fall further to 14800. We expect the signal to determine the future direction of price movement.
Nearest resistance levels: 15500, 15800
Nearest support levels: 15290, 15200, 14900, 14700, 14600, 14400, 14000, 13900