30.09.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 has dropped to an inclined line of support and important level of 2150. Overcoming and fixing the price below this mark will be a signal to sell with targets at 2120 and 2040. The growth in the near future is limited by resistance levels at 2170 and 2195. Our medium-term outlook remains negative, but consolidation may continue in the near future.

Nearest resistance levels: 2170, 2195, 2200, 2250, 2300

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

The price of the futures on the German stock index DAX30 resumed the decline and is currently located near the level of 10300. Fixing of quotations below this level will be the basis for further reduction to 9800 and 9300. The increase within the correction is limited by the level of resistance at 10500. Our medium-term outlook remains negative and we are waiting for confirmation on the sell signal.

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 decreased and within the fall could reach an important levels of 16300. After the recent decline we can see price rebound to the levels of 16550 and 16800. On the other hand, fixing below 16300 will be a signal to sell with targets at 15850 and 15400. Our medium-term outlook remains negative, but the price may continue to consolidate in the near future around the current levels.

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.