Technical analysis NAS100 for 13.12.2023

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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 16250. The closest resistance is the level 16450

Key levels

• 16650, 16450, 16250, 16050, 15875

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 16450, with Take Profit of 16650 and Stop Loss of 16250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 16250, with Take Profit of 16050 and Stop Loss of 16450