26.06.2014 - Technical view on stock indexes

Price of the futures on the broad U.S. stock index S&P500 has started growing again after an unsuccessful attempt to break a strong support at 1950. The further growth is limited by historical maximums near 1965. The potential for further growth is limited and we expect a resumption of the price fall in the medium term after fixing quotations below 1950.

Nearest resistance levels: 1965, 2000

Nearest support levels: 1950, 1930, 1920, 1900, 1886, 1873, 1860, 1813

Price of the futures on German index DAX30 continues to move near 9900. In the nearest future is possible a slight increase to 10000 but we expect the downward movement and recommend to open short positions after the price fixing below 9870. The growth of volatility is expected tomorrow.

Nearest resistance levels: 10000

Nearest support levels: 9870, 9800, 9700, 9630, 9400, 9200

The price of futures on Japanese index Nikkei225 continues to move in the side channel with low volatility. The correction is possible to the lower boundary of the channel. In the medium term price is likely to continue to move inside the rising channel. We maintain our positive forecast for the futures in the medium-term.

Nearest resistance levels: 15450, 15800

Nearest support levels: 15200, 14800, 14600, 14500, 14400, 14000, 13900

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.