28.10.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 continues to grow and has reached the strong level of 1975. Further growth is limited by the levels 1990 and 2010. The signal for re-opening of short positions will be fixing the price below 1950. Despite the current growth, we keep medium-term negative outlook, but assume the possibility of continuing growth to the level of 2010 in the near future.

Nearest resistance levels: 1980, 2000

Nearest support levels: 1950, 1915, 1900, 1886, 1860, 1820, 1780

The price of the futures on the German stock index DAX30 has broken through and is trying to gain a foothold above the psychologically important level of 9000. In case of continued growth, the signal to open short positions will be fixing the price above 9200. At the moment, quotes continue to move inside the rising channel and the resumption of sustained descending movement is possible after fixing the price below 8800. Despite probability of continuation of growth within the local rising channel we expect the resumption of price reduction and maintain a medium-term negative outlook.

Nearest resistance levels: 9000, 9190, 9400, 9600, 9800, 9870, 10030

Nearest support levels: 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate between the lower boundary of the local rising channel the level of resistance at and 15450. After breaking through the levels of 15450 or 15200, we expect strong price movement. At the moment, we maintain a medium-term negative outlook, but expect confirmation signal to open short positions.

Nearest resistance levels: 15450, 15650, 15800, 16000, 16100

Nearest support levels: 15200, 15000, 14800, 14500, 14000, 13400

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.