30.11.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 decreases after reaching the resistance level at 2100. In case of breaking through this mark, quotes will continue to rise until 2120, and historic highs near 2135. A further decline is possible to the levels 2060 and 2020. Our medium-term outlook remains positive and we expect strong price movements this week.

Nearest resistance levels: 2100, 2120, 2135, 2150, 2200

Nearest support levels: 2060, 2020, 2000, 1950, 1910, 1886, 1850, 1780

October 21, 2015 USSPX Graph

The price of the futures on the German stock index DAX30 after breaking the inclined resistance line and level of 11200, continued to rise and in the near future can continue the upward movement up to 11400, 11800 and 12000. In case of a fall, the quotes may decline to 11000. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 11400, 11800, 12000, 12400

Nearest support levels: 11200, 11000, 10800, 10700, 10400, 10000, 9600, 9400, 9000, 8500

The price of the futures on the Japanese stock index Nikkei225 was not able to continue its growth after reaching the level of 20000 and has broken the lower boundary of the ascending channel. Currently quotes broke through the level of 19800 and fixation below this mark will be the signal for opening short positions with the potential of reduction to 19400 and 19200. Our medium-term outlook remains positive, but the current decline may continue in the near future.

Nearest resistance levels: 20000, 20400, 20650, 21000, 21500

Nearest support levels: 19200, 18500, 18000, 17500, 17000, 16500, 16000, 15200

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.