Technical analysis NAS100 for 03.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is 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 19650. The closest resistance is the level 19900

Key levels

• 20150, 19900, 19650, 19500, 19250

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 19650, with Take Profit of 19900 and Stop Loss of 19500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 19500, with Take Profit of 19250 and Stop Loss of 19650