04.08.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the level of 2100, but could not reach the nearest support at 2085 and rebounded upwards after the fall. Currently quotes returned to 2100. Further growth is limited by the sloping resistance line. We expect a continuation of the downward movement of prices in the near future to 2065 and 2045, but the medium-term positive outlook remains unchanged.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2065, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 continued gradual growth and has overcome important resistance level at 11400, which is the basis for the continuation of the upward movement to the target marks on 11600 and 11800. In case of breaking through the inclined support line, quotes will fall to 11000. Our medium-term outlook remains positive.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 keeps moving within the corridor 20400-20650. In case of breaking through the support at 20400, we expect the decline to 20000, after which the quotes can continue negative trend to 19200. More likely in the near future is the continuation of growth to 20650 and 20950. Our medium-term outlook remains positive.

Nearest resistance levels: 20650, 21000, 21500

Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100

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.