20.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has shown a slight decline after had reached historical highs. At the moment, the price dropped to a sloping support line and is likely to continue its upward movement to the nearest target at 2150. In case of the price falling and consolidation below 2120, the price will continue to decline till the targets at 2070 and 2040. Our medium-term outlook remains positive.

Nearest resistance levels:: 2150, 2200

Nearest support levels: 2120, 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken through the upper limit of the downward channel, and was able to overcome the a strong resistance level at 11700. This fact is the basis for the continued growth of quotations with the objectives at 12200, 12400 and 13000. The fall is limited by the levels of 11700 and 11200. We keep medium-term positive outlook and expect saving of this upward impulse.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 reached its maximum for the year and currently is consolidating below this mark. Overcoming this level will serve as a basis for the continuation of the upward movement of the price to 20800 and 21000. It is worth noting the high probability of a downward price correction in the near future within the channel. We keep our positive medium-term view, but expect the correction in the coming days.

Nearest resistance levels are: 20250, 20800, 21000, 21500

Nearest support levels: 20000, 19800, 19400, 19000, 18500, 18100, 17850, 17550, 17200

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.