Technical analysis NAS100 for 28.11.2023

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 16160.00. The closest support is the level 15580.00

Key levels

• 16540.00, 16350.00, 16160.00, 15580.00, 15330.00, 15110.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 16160.00, with Take Profit of 16350.00 and Stop Loss of 15850.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15580.00, with Take Profit of 15330.00 and Stop Loss of 15850.00