Technical analysis NAS100 for 08.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 16180. The closest resistance is the level 16430

Key levels

• 16770, 16430, 16180, 16000, 15850, 15850, 15725, 15550

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 16180 and Stop Loss of 16430

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 16430, with Take Profit of 16770 and Stop Loss of 16180