15.07.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continued gradual growth, but failed to reach a historic high near 1985. The further growth is limited by the psychological mark of 2000. In case of correction, the first goal is the level of 1965. We maintain a medium-term negative outlook.

Nearest resistance levels: 1975, 2000

Nearest support levels: 1965, 1950, 1930, 1915, 1900, 1886, 1873

The price of the futures on the German stock index DAX30 after it rebounded from the strong support at 9635 had almost reached the level of 9800. To continue the growth, the price needs to gain a foothold above this mark. We expect the resumption of the downward movement in the near future and maintain the medium-term a negative outlook with targets near 9635 and 9400.

Nearest resistance levels: 9700, 9800, 10030, 10500

Nearest support levels: 9635, 9400, 9190, 8915

The price of the futures on the Japanese stock index Nikkei225 continued gradual growth and approached to the strong resistance level of 15,500, after breaking through which the quotes will continue to rise with the objectives of 15800 and 16000. In case of another reduction, the price will drop to supports at 15200 and 15000. We expect the signals to open new positions.

Nearest resistance levels: 15500, 15800

Nearest support levels: 15200, 15000, 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.