Technical analysis NAS100 for 29.11.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 16170.50. The closest resistance is the level 16314.00

Key levels

• 16762.00, 16485.50, 16314.00, 16170.50, 16034.75, 15863.25, 15583.00

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 16314.00, with Take Profit of 16170.50 and Stop Loss of 16485.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 16034.75, with Take Profit of 15863.25 and Stop Loss of 16170.50