15.05.2014 - Technical view on stock indexes

The price of the futures on a broad U.S. stock index S&P500 could not overcome the historical maximum and gain a foothold above the psychological level of 1900. The price corrected to the support level at 1886 and may continue downward movement with the first target at 1873. A signal to sell will be price fixing below 1860. We recommend opening long position after price fixing higher than 1900. We maintain a long-term negative outlook for the futures.

Nearest resistance levels: 1900, 1920, 1950, 2000

Nearest support levels: 1886, 1873, 1860, 1813

The price growth of the futures on the German index DAX30 stopped and price slightly corrected downwards. For continued growth price needs to gain a foothold above 9700 and to overcome9780. In case of correction, the price may fall to 9630 and 9400. We maintain a long-term negative outlook for the futures, but we recommend opening long positions in case of quotes fixing above 9700.

Nearest resistance levels: 9800 10000

Nearest support levels: 9700, 9630, 9400, 9200

The price on futures for Nikkei225 after declining returned to the level of 14300. In case of further decrease quotations can reach 14100 and the lower boundary of the local descending channel. In case of further growth a signal to buy will be price fixing above the local maximum at 14625. We keep the medium and long term negative outlook for the futures.

Nearest resistance levels: 14500, 14625

Nearest support levels: 14100, 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.