Technical analysis NAS100 for 18.07.2023

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 corrected to the Tenkan-se line. The closest resistance is the level 15745.00. The closest support is the level 15550.00

Key levels

• 16500.00, 16000.00, 15745.00, 15550.00, 15320.00, 15195.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 15745.00, with Take Profit of 16000.00 and Stop Loss of 15650.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15550.00, with Take Profit of 15320.00 and Stop Loss of 15650.00