Technical analysis NAS100 for 20.11.2023

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 corrected to the Tenkan-se line. The closest resistance is the level 15970.00. The closest support is the level 15580.00

Key levels

• 16350.00, 16160.00, 15970.00, 15580.00, 15310.00, 15110.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 15970.00, with Take Profit of 16160.00 and Stop Loss of 15750.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15580.00, with Take Profit of 15310.00 and Stop Loss of 15750.00