02.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 began to grow gradually and now is moving above the 2000. Fixing the price above this mark will be the reason for the revision of the medium-term forecast and the continued growth of price. In case of decrease, confirmation of a sell signal will be fixing the price below 1990. We keep the a medium-term negative outlook on the American market.

Nearest resistance levels: 2050

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 lower limit of the local rising channel and support level at 9400, continued to grow and may rise to the levels 9600-9635. In case of decrease, confirmation of signal to open short positions will be fixing the price below 9400. We keep the 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 has broken through the strong resistance level of 15500 and started to rise sharply. The following objectives after overcoming of a local maximum at 15650 will be 15800 and 16000. Fall is limited by the support at 15500. We keep the medium-term positive outlook.

Nearest resistance levels: 15800, 16000

Nearest support levels: 15500, 15350, 15200, 15000, 14800, 14700, 14600, 14400

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.