Technical analysis NAS100 for 22.11.2023

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 15850. The closest resistance is the level 16000

Key levels

• 16150, 16000, 15850, 15750, 15625

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 15850, with Take Profit of 16000 and Stop Loss of 15750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15750, with Take Profit of 15625 and Stop Loss of 15850