Technical analysis NAS100 for 06.06.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 18950. The closest resistance is the level 19150

Key levels

• 19350, 19150, 18950, 18700, 18450

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 19150, with Take Profit of 19350 and Stop Loss of 18950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 18950, with Take Profit of 18700 and Stop Loss of 19150