Technical analysis NAS100 for 29.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 12750. The closest resistance is the level 13065

Key levels

• 13540, 13065, 12750, 12525, 12275, 11975, 11490

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 12750, with Take Profit of 12275 and Stop Loss of 13065

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 13065, with Take Profit of 13540 and Stop Loss of 12750