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06.04.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidated within the triangle and in case of breaking through and fixing below the level of 2040, we recommend to open short positions with the targets at 1990 and 1950. For the resumption of growth, the price must break through the upper boundary of the triangle and a local maximum at 2070. We expect the price growth in the medium term, but recommend to wait for the signal for opening positions.

Nearest resistance levels: 2080, 2100, 2120, 2150, 2200

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

The price of the futures on the German stock index DAX30 is consolidated within the triangle and in case of breaking through and fixing below the level of 2040, we recommend to open short positions with the targets at 1990 and 1950. For the resumption of growth, the price must be breaking through the upper boundary of the triangle and a local maximum at 2070. We expect the price growth in the medium term, but recommend to wait for the signal for opening positions.

Nearest resistance levels: 12200, 12600, 13000

Nearest support levels: 11850, 11600, 11450, 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 showed a steady growth and reached 19400 and resistance at the upper boundary of the local descending channel. At the moment, there is a great possibility of renewed downward movement to 19000. In case of continued growth and penetration of the upper boundary, quotes, will reach the levels 19800-20000. Our medium-term outlook is positive and we recommend holding long positions with a stop below 19000, but in the near future, quotations may show a decline.

Nearest resistance levels: 19400, 19800, 20000

Nearest support levels: 19000, 18500, 18100, 17850, 17550, 17200, 16600, 16400

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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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