06.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has fallen sharply at the beginning of the trading week, but has not reached the level of 2040 and started to correct upwards and soon will probably reach the level of 2070 and the sloping resistance line. According to our forecasts, the price decline will continue in the near future, but our medium-term outlook remains positive.

Nearest resistance levels: 2070, 2100, 2120, 2135, 2150, 2200

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

The price of the futures on the German stock index DAX30 continued its fall and dropped to the important support level at 10800, a breaking of which will send a signal for opening short positions with the targets at 10300 and 10000. Within the correction, the price may rise to 11200, 11600 and the upper limit of the downward channel. We expect the growth of price in the medium term, but the decline may continue in the coming days.

Nearest resistance levels are: 11000, 11200, 11400, 11600, 11800, 11900, 12000, 12400, 12600,

Nearest support levels: 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 shows a high level of volatility after a strong drop to the important support level at 20000. In the case of a rebound, quotes will return to 20400 and 20650. Fixing of price below 20000 will be the basis for opening short positions with the potential of fall to 19400 and 19000. Our medium-term outlook remains positive.

Nearest resistance levels are: 20400, 20650, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 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.