Technical analysis NAS100 for 08.12.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 15950. The closest resistance is the level 16150

Key levels

• 16300, 16150, 15950, 15825, 15650

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 15950, with Take Profit of 16150 and Stop Loss of 15825

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 15825, with Take Profit of 15650 and Stop Loss of 15950