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07.10.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has reached the important level of 10000 after breaking the inclined resistance line. In the near future we can see the continuation of the upward price movement to the target level at 10400. On the other hand currently there is an increased likelihood of beginning a downward correction of price with the potential drop to 9400-9600. Our medium-term outlook remains positive and fixing above 10000 will be a signal for opening long positions.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 has reached the important level of 10000 after breaking the inclined resistance line. In the near future we can see the continuation of the upward price movement to the target level at 10400. On the other hand currently there is an increased likelihood of beginning a downward correction of price with the potential drop to 9400-9600. Our medium-term outlook remains positive and fixing above 10000 will be a signal for opening long positions.

Nearest resistance levels: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 has broken through the sloping resistance line and came close to important resistance level at 18500, a breaking and fixing above that level will be the basis for further growth of price to 19200, and 20000. Despite this, we do not exclude correction of prices in the near future till support level at 18000. Our medium-term forecast remains positive.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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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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