Technical analysis NAS100 for 05.09.2023

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 15560.00. The closest support is the level 15350.00

Key levels

• 15785.00, 15675.00, 15560.00, 15350.00, 15250.00, 15120.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 15560.00, with Take Profit of 15675.00 and Stop Loss of 15450.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15350.00, with Take Profit of 15250.00 and Stop Loss of 15450.00