Technical analysis NAS100 for 17.01.2024

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 resistance is the level 16930.00. The closest support is the level 16750.00

Key levels

• 17250.00, 17120.00, 16930.00, 16750.00, 16580.00, 16345.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 16930.00, with Take Profit of 17120.00 and Stop Loss of 16400.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 16750.00, with Take Profit of 16580.00 and Stop Loss of 16400.00