08.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 is consolidated around the level of 2100 and in case of continuation may reach 2120 historic highs near 2135. The signal to sell in the near future may become fixation of price below 2080. In this case, the target levels will be 2040 and 2020. Our medium-term outlook remains negative and growth potential in the near future is limited.

Nearest resistance levels: 2100, 2120, 2135

Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800

The price of the futures on the German stock index DAX30 shows growth and in the near future may reach the resistance level at 9600, after which growth may continue until 9800. In order to continue negative dynamics with the first targets at 9000 and 8750, the price needs to break through the support at 9300. Our medium-term outlook is negative and we are waiting for the resumption of the negative dynamics in the near future.

Nearest resistance levels: 9600, 9800, 10150, 10500, 10800, 11000, 11200

Nearest support levels: 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued to decline along the inclined line of resistance the breaking through which and fixation above the level of 15400 will be the basis for opening long positions with a stop below 15000 and objectives at 15850 and 16400. On the other hand, a breaking of support at 15000 will lead to a further reduction of price to 14000, and 13600. In the near future we can see a correction, but the probability of continuation of negative dynamics remains high.

Nearest resistance levels: 15400, 15850, 16300, 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 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.