27.06.2014 - Technical view on stock indexes

Price of the futures on the broad U.S. stock index S&P500 has not continued positive trend of the previous day and proceeded movement toward a strong level of support at 1950. In case of fixing the quotes below this mark, we recommend to open short positions with the targets at 1930 and 1900. The growth is limited by the boundaries of the rising channel. We maintain our negative outlook for the medium-term.

Nearest resistance levels: 1965, 2000

Nearest support levels: 1950, 1930, 1920, 1900, 1886, 1873, 1860, 1813

Price of the futures on German index DAX30 managed to break the strong support level at 9870 and proceeded the downward movement. Now the price has reached the level of 9800 and may continue to decline to 9700 and 9400. If the price fixates below 9870, we recommend opening short positions. Medium-term outlook remains negative.

Nearest resistance levels: 9870 10000

Nearest support levels: 9800, 9700, 9630, 9400, 9200

The price of futures on Japanese index Nikkei225 has overcome support at 15200 and continues to decline. If the current tendency will continue, the closest target level will be 14800. In case of resumption of growth, the price is likely to rise to 15450. We maintain a positive medium-term outlook for the Japanese futures.

Nearest resistance levels: 15200, 15450, 15800

Nearest support levels: 14800, 14600, 14500, 14400, 14000, 13900

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