11.09.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was unable to fix below the level of 1990 and returned to the corridor 1990-2010. Further growth is limited by the upper boundary of the channel. We forecast a fall in price in the medium term with objectives at 1950 and 1915, but recommend to wait for fixing the price below 1990. The outlook revision is possible in the case of overcoming the 2010 level.

Nearest resistance levels: 2010, 2050

Nearest support levels: 1990, 1975, 1950, 1940, 1915, 1900, 1886, 1873, 1850, 1780

SP 500 in 2014

The price of the futures on the German stock index DAX30 is trying to break through the lower boundary of the rising channel. In case of success and fixing the price below 9600, we recommend to open short positions with the targets of 9400 and 8900. The growth is limited by the resistance level at 9870 and 10000. Our medium-term outlook remains negative.

Nearest resistance levels: 9800, 9870, 10030, 10500

Nearest support levels: 9630, 9400, 9190, 9000, 8900, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 is gradually increasing after breaking through the strong level of 15800. Based on the this, we confirm our positive outlook for the medium-term and recommend holding long positions, which should be closed in the case of a fall below 15600. In the nearest future quotes probably will reach 16000. Our medium-term view remains positive.

Nearest resistance levels: 16000

Nearest support levels: 15800, 15650, 15500, 15350, 15200, 15000, 14800, 14700, 14600

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.