Technical analysis NAS100 for 15.03.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 17775. The closest resistance is the level 17950

Key levels

• 18100, 17950, 17775, 17650, 17475

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 17775, with Take Profit of 17950 and Stop Loss of 17650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 17650, with Take Profit of 17475 and Stop Loss of 17775