14.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has overcome the level of 2150, which is the basis for continued growth to 2200. In case of resumption of the negative dynamics within the correction, we are waiting for a decline to 2120 and 2080. According to our estimates growth may continue in the near future, but we maintain negative view for the medium-term and look forward a soon start of correction.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30 continues to grow after overcoming the level of 9800. In the nearest future the quotes with high probability will continue the increase to 10150 and 10300. On the other hand, after the sharp increase, there is a high probability of a downward correction, and rollback to the levels of 9800 and 9600. Our medium-term outlook remains negative, but we expect continued growth in the near future.

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

Nearest support levels: 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continued increase after consolidation above the level of 16300 and is currently located near a local maximum at 16550. Overcoming this level will be another buy signal with the objectives at 17250 and 18000. On the other hand, quotations may return to the level of support at 16300 and then fall to 15850. The probability of continued growth is high in the near future.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 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.