Arazmajeed

USNAS100 4H : Try to retest and then will rise

OANDA:NAS100USD   US Nas 100
USNAS100

New forecast

The price of the index fell and failed to record any new positive target due to its lack of positive momentum and the continued fluctuation below the additional barrier represented by the level of 16117. We notice the formation of a corrective bearish creep by reaching towards 15896 and will extend to 15769 and 15627 and then will rise up .

Therefore the negative correction will be more likely during coming period to help the price to gathered the positive momentum required to renew the upward attempts by targeting the 16117 level.

The expect range trading for today it will be between the resistance line 16117 and support line 15627 .

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

support line : 15769 , 15627
resistance line : 16117 , 16285

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