05.05.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 has continued the growth and reached the level of 2120, below which keeps consolidating at the moment. In case of continued growth and price fixing above this mark, we expect the price increase to the level of 2150 and 2200. In case of a fall, and the price fixing under the lower boundary of the rising channel and the level of 2090, we recommend to open short positions with a stop above 2120 and objectives at 2040 and 1990. Our medium-term outlook remains positive.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2090, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 rebounded upward from the level of 11400 and lower limits of a local downtrend channel. The growth price in the near future is limited by levels of 12000 and 12400. Within the descending channel, the price may continue to fall to 11000 and 10600. Our medium-term outlook remains positive, but we do not exclude the continuation of falling prices in the short term.

Nearest resistance levels: 12000, 12400, 12600, 13000

Nearest support levels: 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 rebounded from the level of 19400 and is currently below the level of resistance at 19800. According to our forecasts, the quotes can continue the downward price movement up to 19400 and 19000 in the near future. Our medium-term outlook remains positive, but in case of fixing the price below the local minimum at 19400, we recommend to open short positions.

Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200

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.