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07.01.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has reached the psychologically important mark of 2000, but could not overcome it. At the moment, the price continues to move within the local descending channel. In case of breaking its upper boundary, quotations may correct to the levels of 2040-2050. We maintain our medium-term negative outlook and recommend holding short positions.

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 after falling to the target level of 9400, stabilized above this level. After some consolidation, we expect the resumption of a downward movement with the objectives of 9190 and 8900. Corrective gains are limited by the levels of 9600 and 9700. Our medium-term view remains negative and we recommend holding short positions.

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 rebounded from the strong support level at 16700 and corrected within the local descending channel. Further growth is limited by the upper boundary of the channel and the level of 17200. We keep medium-term negative outlook and recommend holding short positions with a target at 16000 and the stop above 17500.

Nearest resistance levels: 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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