10.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 again tries to overcome the upper boundary of the descending channel, and in case of success may continue to grow to 2100, 2120 and 2135. In case of continued downward price movement, we expect a drop in prices to the levels of 2040 and 1990. Our medium-term outlook remains positive, but we assume the possibility of continuing the downward the price movement in the near future.

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 has broken through an inclined resistance line and continues to grow within the downward channel. In the near future quotations may reach the level of 11400 and the upper limit of the downward channel. Fixing the price below 10800 will become a signal for opening short positions. Our medium-term outlook remains positive, but the decline may continue in the near future.

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

Nearest support levels: 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 corrected up to the important level of 20000. In case of overcoming this level, quotes will continue to rise up to the sloping line of resistance and the levels of 20400 and 20650. In case of resumption of fall, we expect the price decline to the support at 19200. Our medium-term outlook remains positive, but the price will probably fall soon.

Nearest resistance levels are: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19400, 19200, 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.