29.05.2014 - Technical view on stock indexes

Price of the futures on a wide U.S. stock index S&P500 continues to move along the upper limit of the upward channel. Potential for further growth is very limited. We expect price correction inside the rising channel in the medium term with the first target at 1900, but maintain a long-term negative outlook.

Nearest resistance levels: 1920, 1950

Nearest support levels: 1900, 1886, 1873, 1860, 1840, 1813

April 22, 2014 USSPX Graph

Price of the futures for German stock index DAX30 is moving along the upper limit of the upward channel. Further growth is limited by the psychological level of 10,000. Considering long-term growth and resistance in the form of the upper boundary of the channel, we expect a downward correction and maintain a medium-term negative outlook for the futures.

Nearest resistance levels: 10000

Nearest support levels: 9800, 9700, 9635, 9400, 9190, 8915

Price of the futures for a wide Japanese stock index Nikkei225 is trying to gain a foothold above the strong level of 14600. In the case of continued growth, we recommend to open long positions with the aim of about 15000. Within correction the price may fall to 14300-14400. We maintain a long-term negative outlook for the futures.

Nearest resistance levels: 15000

Nearest support levels: 14600, 14500, 14000, 13900

Japanese Yen on April 11, 2014

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.