28.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not overcome the important level of 2000, and started to decline. At the moment the price is moving near the lower boundary of the rising channel. In case of further decline with the closest target near 1950, a signal to open positions will be fixing the price below 1990. Stop should be set above 2000. We keep a medium-term negative outlook and recommend to open short positions.

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 after reaching the level of 9600 started to correct and in the near future is likely to fall to 9400. In case of price fixing below 9400, we recommend to re-open short positions with the targets of 9190 and 8900. Overcoming the levels of 9600-9635 is unlikely. We keep a medium-term negative outlook.

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 the price below the rising channel continued to decline and has broken through the level of 15500, which gives reason to open short positions with the closest targets 15200 and 15000 limited growth level 15650. We keep a medium-term negative outlook and recommend to open short positions.

Nearest resistance levels: 15500, 15800, 16000

Nearest support levels: 15350, 15200, 15000, 14800, 14700, 14600, 14400

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