30.06.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not overcome the support level at 1950 and slightly increased. To continue the current trend, the price must overcome historical maximum near 1965. A signal to sell will be fixing the price below the level of 1950. We expect that in the medium term the quotes will start declining.

Nearest resistance levels: 1965, 2000

Nearest support levels: 1950, 1930, 1915, 1900, 1886, 1873, 1860, 1840, 1813

The price of the futures on the German stock index DAX30 has reached the next target level at 9800, but bounced up. In case of further correction, the price can reach 9870. We expect the downward movement, which may accelerate after overcoming the level of 9800.

Nearest resistance levels: 9870 10000

Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 was unable to gain a foothold above 15200 and returned to the side corridor 14800-15200. Further reduction is limited by the support at 14800. We expect an upward correction, and then we will need new signals to determine future price movements. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 15200, 15450, 15800

Nearest support levels: 14900, 14700, 14600, 14400, 14000, 13900

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