Technical analysis NAS100 for 07.03.2024

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 18150. The closest resistance is the level 18325

Key levels

• 18325, 18150,18000,17825

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 18325 and Stop Loss of 18150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 18150, with Take Profit of 18000 and Stop Loss of 18300