26.06.2014 - Technical view on stock indexes
Price of the futures on the broad U.S. stock index S&P500 has started growing again after an unsuccessful attempt to break a strong support at 1950. The further growth is limited by historical maximums near 1965. The potential for further growth is limited and we expect a resumption of the price fall in the medium term after fixing quotations below 1950.
Nearest resistance levels: 1965, 2000
Nearest support levels: 1950, 1930, 1920, 1900, 1886, 1873, 1860, 1813
Price of the futures on German index DAX30 continues to move near 9900. In the nearest future is possible a slight increase to 10000 but we expect the downward movement and recommend to open short positions after the price fixing below 9870. The growth of volatility is expected tomorrow.
Nearest resistance levels: 10000
Nearest support levels: 9870, 9800, 9700, 9630, 9400, 9200
The price of futures on Japanese index Nikkei225 continues to move in the side channel with low volatility. The correction is possible to the lower boundary of the channel. In the medium term price is likely to continue to move inside the rising channel. We maintain our positive forecast for the futures in the medium-term.
Nearest resistance levels: 15450, 15800
Nearest support levels: 15200, 14800, 14600, 14500, 14400, 14000, 13900