30.03.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not break through the lower boundary of the rising channel, and as a result of rebound from it, was able to overcome the strong resistance level at 2050. The next upside target levels at the moment are 2080 and 2100. In order to change the current increasing trend to falling, the quotes must be fixed under the lower boundary of the rising channel. Our medium-term outlook remains negative, but the current growth will continue in the near future.

Nearest resistance levels: 2065, 2080, 2100

Nearest support levels 2050, 2020, 2000, 1990, 1950, 1910, 1860, 1820, 1800, 1780, 1750

The price of the futures on the German stock index DAX30 could not continue to fall after reaching the lower boundary of the rising channel and continued growth within which approached the strong resistance level near 10150 and its overcoming will be the basis for further growth of price up to 10800 and 11200. Short positions should be opened only in case of fixation below the level of 9800. Our medium-term outlook remains positive.

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

Nearest levels of support: 9800, 9100, 9000, 8500, 7900, 7500

The price of the futures on the Japanese stock index Nikkei225 continues to consolidate around the level of 17000. After a long consolidation there is a high probability of strong price movement. The signal to buy will be overcoming the resistance at 17250. On the other hand, the drop in price in the near future, is possible to the level of 16500, after which the negative dynamics may continue until 15700. Our medium-term outlook remains positive.

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

Nearest support levels: 16500, 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.