Technical analysis NAS100 for 14.10.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 10790. The closest resistance is the level 11070

Key levels

• 12430, 11800, 11410, 11070, 10790, 10400

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 10400 and Stop Loss of 11070

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 11070, with Take Profit of 11410 and Stop Loss of 10790