21.09.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 dropped to the level of 1950 but rebounded from it and can return to the important 2000 mark in the near future. On the other hand, there is probability of continuation of the negative dynamics. In case of fixation below the support level at 1910, we expect a drop in prices to 1850 and 1780. Our medium-term outlook remains positive, but the price will likely continue to move within the corridor 1910-2000 in the near future.

Nearest resistance levels: 2000, 2025, 2045, 2070, 2085, 2100, 2120, 2135, 2150

Nearest support levels: 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after breaking through the lower boundary of the local rising channel could overcome the support at 10000. This fact is the basis for the further reduction of price to the target level of 9600 and 9000. Growth is limited by the resistance at 10000 and 10400. Our medium-term outlook remains positive, but the price is likely to fall in the near future.

Nearest resistance levels are: 10000, 10400, 10800, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 9600, 9400, 9000

The price of the futures on the Japanese stock index Nikkei225 is consolidated near the level of 18000 after a decline last week. In case of continued growth and fixation above the local maximum at 18500, we recommend to open long positions with the targets at 19200 and 20000. In case of breaking through the level 17500, we are forecasting a decrease to 16000. Our medium-term outlook remains positive, but in the near future quotes will likely continue the movement within the corridor 17500-18500.

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

Nearest support levels: 17500, 16500, 16000

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.