Technical analysis NAS100 for 05.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 11275. The closest resistance is the level 11500

Key levels

• 11900, 11700, 11500, 11275, 11075, 10800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 11275, with Take Profit of 11500 and Stop Loss of 11075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 11075, with Take Profit of 10800 and Stop Loss of 11275