16.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected after a strong growth during which was able to break through the upper boundary of the local descending channel and level of 1860. In order to continue growth with a target at 1950, it is necessary to overcome the resistance at 1910. In the near future, quotations may correct to 1860. We expect the price to drop in the coming months.

Nearest resistance levels: 1910, 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 continues to consolidate below the level of 9300 and in case of breaking through it, the upward momentum of price will continue to the upper limit of the channel and the level of 9800. At the moment, there is an increased probability of rollback of price down with the fall potential to 9000 and 8700. Our medium-term outlook is positive, despite the possible resumption of a negative dynamics of prices in the near future.

Nearest resistance levels 9000, 9300, 9800, 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 stopped correctional upward movement after reached 16000 and the upper limit of the local downward channel. If the price fixates above this mark, quotations will continue to rise to 16600, and 17250. In the coming days we can see the resumption of the negative dynamics, but the medium-term outlook remains positive.

Nearest resistance levels: 16000, 16600, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels: 15000, 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.