25.08.2014 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has fixed above the level of 1990 and approached the psychologically important mark of 2000. To overcome this level the price will need a significant incentive. In case of the beginning of decline, a signal to open short positions will be fixing the price below 1975. We maintain a medium-term negative outlook.
Nearest resistance levels: 2000
Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780
The price of the futures on the German stock index DAX30 has overcome the strong level of 9400 and if the price fixates above, it may continue an upward motion to 9600-9630. In case of renewal of downward movement, a signal to open short positions will be price fixing under the lower limit of the local rising channel. We maintain a medium-term negative outlook, but admit the possibility of further growth in the near future.
Nearest resistance levels: 9600, 9800, 9870, 10030, 10500
Nearest support levels: 9400, 9190, 9000, 8915, 8600, 8000
The price of the futures on the Japanese stock index Nikkei225 after fixing above a strong level 15500 continued to rise and reached the nearest local maximum. In case of decrease the price may drop to 15350 and 15200. We expect continued growth in the medium term with the closest targets near 15800 and 16000.
Nearest resistance levels: 15800, 16000
Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400