Technical analysis NAS100 for 05.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 resistance is the level 15550.00. The closest support is the level 15010.00

Key levels

• 16500.00, 16000.00, 15550.00, 15010.00, 14815.00, 14575.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 15550.00, with Take Profit of 16000.00 and Stop Loss of 15200.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15010.00, with Take Profit of 14815.00 and Stop Loss of 15200.00