25.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has not been able to gain a foothold below the level of 1910 and corrected upwards. The growth of quotations in the near future is limited by the resistance level at 1950, after overcoming of which, the price can reach the marks 1990 and 2020. We forecast a drop in prices in the near future and a signal to sell with the objectives at 1860 and 1820 will be price fixing below the level of 1910.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest levels of support: 1910, 1860, 1820, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 after reaching the upper limit of the downward channel, started to correct downwards and approached the support level at 9100. Its breaking through will be the reason for the continuation of negative dynamics with the objectives at 8800 and 8500. The signal for changing the negative trend to the positive, will be fixing of price above the level of 9800. Our medium-term view remains positive, despite a possible drop in the near future.

Nearest resistance levels: 9800, 10150, 10400, 10800, 11000, 11200

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

The price of the futures on the Japanese stock index Nikkei225 rebounded from the lower boundary of the corridor 15700-16300. In case of continued rising dynamics and consolidation above 16300 we forecast further growth of price up to 17250, and 18000. In case of resumption of negative dynamics and fixation below 15700, the fall will continue until 15000. Our medium-term outlook remains positive, and we are waiting for confirmation of the signal to buy.

Nearest resistance levels are: 16300, 17250, 17500, 18000, 18600, 19000, 19400, 19700

Nearest support levels are: 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.