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16.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 yesterday showed a strong increase in volatility and reached the level of 1820, the moment the prices reached the strong level of 1860 and the upper limit of the downward channel. We recommend holding short positions with the immediate goal near 1780. Stop should be set above the level of 1920. Our medium-term view remains negative.

Nearest resistance levels: 1873, 1886, 1900, 1915, 1940, 1950, 1980, 2000

Nearest support levels: 1850, 1820, 1780

The price of the futures on the German stock index DAX30 is consolidating near the next target 8600. The price continues to decline steadily in the descending channel and will likely continue the downward movement to the level of 8000. We recommend holding short positions with a stop above 9000. At the moment, there is no reason for changing the negative trend. We maintain a medium-term negative outlook.

Nearest resistance levels: 8900, 9000, 9190, 9400, 9600, 9800, 9870, 10030

Nearest support levels: 8200, 8000

August 26 of USD Performance

The price of the futures on the Japanese stock index Nikkei225 stopped the decline after reaching the lower limit of the downward channel. In case of correction the price may rise to the psychologically important mark of 15000, above which we recommend to set a stop. According to our forecast decline in quotations will continue in the medium term. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 14800, 15000, 15200, 15450, 15650, 15800, 16000, 16100

Nearest support levels: 14500, 14000, 13400

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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