06.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued its growth after breaking through the upper boundary of the descending channel and may reach 2195-2200 shortly. In case of resumption of the negative dynamics, a signal to sell will be fixing of price below the level of 2170. Our medium-term outlook remains negative and the growth potential in the near future is limited.

Nearest resistance levels: 2200, 2250, 2300

Nearest support levels: 2170, 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910

The price of the futures on the German stock index DAX30 approaches the level of resistance at 10800 and in case of fixation above this level increase will continue to 11200 and 11600. The signal to sell will be fixing of price below 10500. In this case, the stop must be installed above 10800, and the targets will be 9800 and 9300. Our medium term outlook remains negative.

Nearest resistance levels: 10800, 11000, 11200

Nearest support levels: 10500, 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to grow within the local rising channel, and can continue the upward momentum to 17250 and 17500. The resumption of the negative dynamics and fixation lower than 17000 will be a signal to open short positions with the targets at 16300 and 15850. Upward momentum may continue in the near future, but the medium-term outlook is negative .

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16800, 16300, 15850, 15400, 15000, 14000, 13600, 12500

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.