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06.01.2014 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 was able to gain a foothold below the level of 2050, which was a confirmation of the signal to sell. At the moment, quotations are trying to gain a foothold below the level of 2020. In case of correction, the price may rise to 2040 and 2050. Our medium-term outlook remains negative and we recommend holding short positions with the targets 1950 and 1915 and a stop above 2090.

Nearest resistance levels: 2040, 2050, 2080, 2100, 2150, 2200

Nearest support levels: 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 reached the first target after was able to overcome a strong support level at 9700. In case of further reduction, we expect the achievement of the levels 9190 and 8900. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 9900.

Nearest resistance levels: 9600, 9700, 10000, 10100, 10300

Nearest support levels: 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 continued to fall and broke through the support level at 17200. According to our forecasts in the near future quotations will reach the level of 16700. In case of correction, the price may rise to 17200. We continue to expect a decline of quotations in the medium and short term, with the target level at 16000.

Nearest resistance levels:: 17000, 17200, 17500, 18000

Nearest support levels: 16700, 16400, 16000, 15800, 15450, 15200

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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