NAS100 [US100] Daily Outlook | July 13

FX:NAS100   US 100 Cash CFD
Long Term Outlook:

Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .

Short Term Outlook:

a. Market is ranging between 11890.34 and 11768.85 (Range 0) and 1HR break and closure above 11890 zone will make price to test 12041 area (Range 1).

b. On the other hand, the break and closure of 1HR price bar below 11743.56, we may yet see a dip down to 11462.68 (range 3) with partials closure at 11550.06 (range 2)

c. Within the range lies a rare opportunity for the smart ones - clean traffic to the left side resulting in a possible bullish move from 11768.85 zone to 11875 (110 pips - range 0)

Let me know what you think on the comment section.

NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST

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