Technical analysis NAS100 for 24.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 17400. The closest resistance is the level 17500

Key levels

• 17575, 17500, 17400, 17300, 17100

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 17500 and Stop Loss of 17400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 17400, with Take Profit of 17300 and Stop Loss of 17500