05.10.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after breaking through the upper boundary of the local descending channel and fixation above 1900, continued growth during which reached the nearest target mark on 1950. Currently quotes have overcome this level and continued to rise. According to our forecasts, the price is very likely to continue to increase to the level of 2000. The fall is limited by the support level around 1850-1875. Our medium-term outlook remains positive.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 reached the sloping resistance line and continues to consolidate above the level of 9400. In case of breaking of this level, we expect a further decline to 9000 and 8600. On the other hand, In the near future is possible the continuation of the positive dynamics to 10000 and 10400. Our medium-term view remains positive.

Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 has broken the upper boundary of the descending channel and currently is trying to overcome the local resistance at 17130. In case of success, we expect a further increase in prices up to 19200 in the near future. The fall is limited by the support levels at 17000 and 17500. The medium-term outlook remains optimistic.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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.