Technical analysis NAS100 for 04.01.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 16540.00. The closest support is the level 16160.00

Key levels
- 16930.00, 16750.00, 16540.00, 16160.00, 15950.00, 15740.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 16540.00, with Take Profit of 16750.00 and Stop Loss of 16350.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 16160.00, with Take Profit of 15950.00 and Stop Loss of 16350.00