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19.10.2015 - ​Technical view on stock indexes

The price of the futures on the American stock index S&P500 rebounded from the lower boundary of the ascending channel and continued growth as a result of which have overcome an important mark of 2020. This fact is a signal for further growth of quotations to the nearest targets at 2070 and 2100. We recommend to open long positions with a stop below 1990. Our medium-term outlook remains positive.

Nearest resistance levels: 2045, 2070, 2085, 2100, 2120, 2135

Nearest support levels: 2020, 2000, 1950, 1910, 1886, 1850, 1780

The price of the futures on the German stock index DAX30 after the recent correction, approached the lower boundary of the ascending channel and resumed growth. Currently quotes are trying to overcome the level 10200, which will lead to continued growth to 10400. Fixing above 10400 will confirm the signal for opening long positions with the targets at 11200 and 12000. In this case, the stop should be set below the local minimum at 9900. Our medium-term outlook remains positive.

Nearest resistance levels: 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 was not able to continue the growth to a strong resistance level at 10500 and started to correct. The negative dynamics of prices in the near future is limited by the support level at 17500 and 18000. On the other hand, we recommend opening long positions with the targets of 19200 and 20000 in case of fixing of quotations above 18500. Our medium-term outlook remains positive.

Nearest resistance levels: 18500, 19200, 19400, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18000, 17500, 17000, 16500, 16000, 15200

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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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