16.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 after a brief consolidation near the level of 2100 continued its growth to the nearest target level of 2120 and soon may reach historical highs near the level of 2135. To update highs will be needed a strong impulse. In this regard, there is a possibility of correction soon. Our medium-term outlook remains negative.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after breaking through the upper limit of the descending channel, continued to grow and has overcome the local maximum at 11600, which was the signal for opening long positions with the targets at 11900 and 12400. Within the correction quotations may be reduced to the level of 11400. Our medium-term outlook remains positive and we recommend to open long positions.

Nearest resistance levels are: 11800, 11900, 12000, 12400

Nearest support levels: 11600, 11400, 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 continues to grow gradually, and at the moment reached an important level of 20650. In case of the continuation of this level, we expect a further increase in price to the levels of around 20950-21000. Within the correction quotations may fall to 20000. Our medium-term outlook remains positive.

Nearest resistance levels are: 20650, 21000, 21500

Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100

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.