Technical analysis NAS100 for 06.02.2024

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 17575. The closest resistance is the level 17750

Key levels

• 17900, 17750, 17575, 17450, 17250

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 17575, with Take Profit of 17750 and Stop Loss of 17450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 17450, with Take Profit of 17250 and Stop Loss of 17575