Arazmajeed

USNAS100 4H :it look still bullish

Long
OANDA:NAS100USD   US Nas 100
USNAS100

New forecast

The index price traded sideways yesterday , and trying to breach the 15356 level , which in turn currently constitutes an extension of new resistance. Therefore, we expect the price to continue in positive trading, but on the condition that the additional area at 15356 is broken and stabilized above by this level, it will facilitate the task for the price to reach 15423. It extends to 15538 .


Therefore the uptrend scenario will be remain valid during coming period once breach 15356 ,However, if the price failure in penetrating the stable resistance and stabilized under 15267 , this will confirm its readiness to resume the negative correction. .

The expect range trading for today it will be between resistance line 15423 and support line 15182.

Additionally Today ,New York sessions will affect on the Indices .

support line : 15267 , 15182
resistance line : 15356 , 15423

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