Technical analysis NAS100 for 30.11.2023

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 15900. The closest resistance is the level 16050

Key levels

• 16200, 16050, 15900, 15775, 15600

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 15900, with Take Profit of 16050 and Stop Loss of 15775

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15775, with Take Profit of 15600 and Stop Loss of 15900