30.12.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was unable to continue the growth and reach the level of 2100 and started to correct downward. At the moment, the quotes are in the corridor 2080-2090. In case of breaking through the level 2070, we expect further price decline with the objectives of 2040 and 2000. The potential for further growth is minimal and we maintain a medium-term negative outlook.

Nearest resistance levels are 2100, 2150, 2200

Nearest support levels: 2080, 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 after an attempt of resumption of a downward movement returned to previous levels and now is consolidating near the level of 9900. Growth is possible to levels 10000-10100. We expect reduction of price in the medium term and recommend to open short positions after fixing the price below 9700.

Nearest resistance levels: 10000, 10100, 10300

Nearest support levels: 9800, 9700, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 after the second attempt managed to overcome the level of support at 17500 and reached the target level of 17200. In case of further falling and breaking 17200, quotes will reach the level of 16700. The correction is possible to 17500. Our medium-term outlook remains negative and we recommend to open short positions with a stop above 18000.

Nearest resistance levels: 17500, 18000

Nearest support levels: 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200

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