Technical analysis NAS100 for 07.12.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the lower border of the cloud. The closest support is the top of the cloud

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 15890.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15580.00, with Take Profit of 15330.00 and Stop Loss of 15890.00