23.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to move within a narrow range around the level of 2050. In case of continued growth, quotations may reach next target marks 2080 and 2100. In case of correction, quotations may fall to the lower boundary of the rising channel and the level of 2020. Fixing below given level and breaking 2000, will be a signal about the change of the positive trend to the negative. We expect a decline in the near future.

Nearest resistance levels: 2050, 2065, 2080

Nearest levels of support: 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 showed an increase and reached a strong resistance at 10150. Fixing of price above this mark will be the reason for the continued growth to 10800 and 11200. The fall is limited by the support beside 9900 and the lower border of the channel. We expect a further increase in prices in the medium term, but do not exclude the fall in the near future.

Nearest resistance levels: 10150, 10400, 10800, 11000, 11200

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 grows along the inclined line of resistance within the range 16500-17250. The breaking of the upper boundary of the corridor will be a strong signal for the continuation of price growth to the target levels at 18000 and 18600. Short position should be opened after breaking through the support at 16500, but this scenario is unlikely. Our medium-term outlook remains positive.

Nearest resistance levels: 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels are: 16500, 15700, 15000, 12500

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.