11.04.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 increased slightly, but continues to consolidate around the level of 2050. In case of overcoming the inclined resistance line, growth is likely to continue until 2080 and 2100. A more likely scenario according to our forecast is a continuation of the negative dynamics of price with the first targets at 2000 and 1980. We maintain a negative outlook for the next weeks.

Nearest resistance levels: 2065, 2080, 2100, 2120, 2135

Nearest levels of support: 2050, 2020, 2000, 1980, 1950, 1910, 1860, 1820, 1800, 1780

The price of the futures on the German stock index DAX30 broke through the inclined line of resistance, but continues to be near the important level of 9600. The growth of prices in the near future is limited by the level of 10150. Despite the current growth, remains the possibility of the resumption of the negative dynamics of price with the closest objectives at 9300 and 9000. Our medium-term outlook remains positive.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9600, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after a strong decline in the previous week, has stabilized around the level of 15700 and the amplitude of price fluctuations is reduced. In case of breaking through the level 16000, growth may continue to 16500. On the other hand, the reduction is limited by the psychologically important mark on 15000. Our medium-term outlook remains positive.

Nearest resistance levels: 16500, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15700, 15400, 15000, 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.