27.07.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to consolidate near the level of 2170 and in case of continuing rising dynamics may reach an important level of 2200. On the other hand, the confirmation of the signal to sell will be price fixing below the level of 2150. We maintain our medium-term negative outlook, and expect the start correction with potential targets at 2100 and 2040 in the near future.

Nearest resistance levels: 2170, 2200

Nearest support levels: 2150, 2135, 2120, 2080, 2040, 2020, 2000, 1980, 1950, 1910, 1860

The price of the futures on the German stock index DAX30 continued to rise after was able to overcome the resistance level at 10150 and as a result reached the level of 10300. The immediate objectives in case of continued growth will be 10500 and 10800. At the moment, there is a possibility of correction with the first targets at 10150 and 9800. Our medium-term outlook remains negative.

Nearest resistance levels: 10500, 10800, 11000, 11200

Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 after the recent correction to 16300, bounced upwards and reached the resistance level at 16800. Overcoming this mark will be the basis for the continuation of the current impulse to 17250. The signal of trend reversal will be fixing of price below 16300. We expect increased volatility in the coming days.

Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000

Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 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.