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10.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 broke through the lower boundary of the rising channel and reached the support level at 2070. Fixing of price below this level will be the basis for opening short positions with the targets at 2040, 2020 and 2000. The growth of price in the near future is limited by the levels of 2100 after overcoming of which may continue to 2120 and 2135. Our medium-term outlook remains positive, but in the near future we can see the price correction.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2070, 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 broke through the lower boundary of the rising channel and reached the support level at 10800, below which is trying to gain a foothold. In case of success, we recommend to open short positions with target levels at 10400 and 10000 and the stop above 11000. Our medium-term outlook remains positive, but the correction may continue in the near future.

Nearest resistance levels: 10800, 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 after a sharp correction today has restored lost ground and continues to move inside the rising channel. Fall of prices in the near future is limited by the level of 19200. We expect further growth to the psychologically important level of 20000 in the near future. Our medium-term outlook also remains positive.

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

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 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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