28.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected downwards, and reached the level of support at 1975. Continued downward dynamics is possible in case of fixing the price below this level. Growth is possible up to psychologically important mark of 2000, but breaking through this level is unlikely. We maintain a medium-term negative outlook and recommend to open short positions after the price fixing below 1950.

Nearest resistance levels: 2000

Nearest support levels: 1990, 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 once again achieved strong support level around 9635. Penetration and fixation below this mark will be a signal to open short positions. At the moment, there is a possibility of an upward price correction to the level of 9800. Our medium-term outlook remains negative with the targets at 9400 and 9190.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 has broken through the important resistance level 15500 and in case of fixing above this mark may reach 15800. The correction is possible to the nearest local support level of 15400. Medium-term outlook remains positive.

Nearest resistance levels: 15800, 16000

Nearest support levels: 15500, 15400, 15000, 14700, 14600, 14400, 14000, 13900

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