21.12.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 sharply decreased and reached the level of 2000 but was not able to overcome it and jumped upwards. In the near future the growth within the correction may continue until 2040, 2050 and 2080. In case of breaking through and fixing the price below 2000, the decline will continue until 1950 and 1915. This scenario is less likely. Our medium-term outlook remains positive and we look forward to further growth in the near future.

Nearest resistance levels: 2020, 2050, 2100, 2120, 2135, 2150, 2200

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

The price of the futures on the German stock index DAX30 started to rise sharply at the beginning of week after steady fall on Friday. As a result, quotations are trying to overcome the upper limit of the downward channel, and in case of fixing outside it will continue to rise to 11000 and 11400. Less likely is the continuation of the reduction of price in the descending channel to 10400 and 10000. Our medium-term outlook remains positive, despite a possible reduction in the near future.

Nearest resistance levels: 11000, 11200, 11400, 11800, 12000, 12400

Nearest support levels: 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 approached the local minimum at 18600, but could not overcome it and now is corrected upwards. At the moment, there is a significant probability of further correction to the first targets at 19200 and 19400. Our medium-term outlook remains positive despite the recent decline, and after overcoming the psychologically important resistance at 20000, the growth is likely to continue up to 20650, and 21000.

Nearest resistance levels: 19000, 19400, 19700, 20000, 20400, 20650, 21000, 21500

Nearest support levels: 18600, 18000, 17500, 17000, 16500, 16000, 15200

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.