Technical analysis NAS100 for 07.06.2022

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 12515. The closest resistance is the level 12765

Key levels

• 13275, 13050, 12765, 12515, 12275, 12035

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 12765, with Take Profit of 13050 and Stop Loss of 12515

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 12515, with Take Profit of 12275 and Stop Loss of 12765