14.08.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has overcome the resistance at 1940 and now is consolidating below 1950. To overcome this level will need considerable incentive. In case of correction, the price will reach the levels 1915 and 1900. We maintain a medium-term negative outlook and expect price drop in the near future.

Nearest resistance levels: 1950, 1990, 2000

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

The price of the futures on the German stock index DAX30 started to correct after an unsuccessful attempt to overcome the resistance level 9190. In case of further decrease, the closest target levels will be 9000 and 8900. In case of continued growth, the price is likely to reach the resistance near 9400. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 9190, 9400, 9600, 9800, 9870, 10030, 10500

Nearest support levels: 9000, 8915, 8600, 8000

The price of the futures on the Japanese stock index Nikkei225 after overcoming the level of 15200, hit 15300and continues to consolidate near it. The fall is limited by support at 15200. We expect continued ascending tendency to 15500, after which quotations may continue movement to 15800 and 16000. We maintain a medium-term positive outlook.

Nearest resistance levels: 15400, 15500, 15800, 16000

Nearest support levels: 15200, 15000, 14800, 14700, 14600, 14400, 14000, 13900

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.