Hello everyone,
USNAS100 4H NEW FORECAST
The index price is still affected by the dominance of the sideways bias as a result of the continued conflict of the negativity of the Stochastic indicator, with its exit from the overbought level, in the face of general stability within the axes of the ascending channel, in addition to the stability of the initial support centered near 18360.00.
We recommend waiting for the price to breach the obstacle centered at 18360 and provide a positive close above it to confirm the positive continuity, which in turn may target new historical levels starting from 18845.00, reaching the resistance of the ascending channel previously targeted and stable near 18845 .
USNAS100 4H NEW FORECAST
The index price is still affected by the dominance of the sideways bias as a result of the continued conflict of the negativity of the Stochastic indicator, with its exit from the overbought level, in the face of general stability within the axes of the ascending channel, in addition to the stability of the initial support centered near 18360.00.
We recommend waiting for the price to breach the obstacle centered at 18360 and provide a positive close above it to confirm the positive continuity, which in turn may target new historical levels starting from 18845.00, reaching the resistance of the ascending channel previously targeted and stable near 18845 .
