Arazmajeed

USNAS100 4H : Support further rise up

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OANDA:NAS100USD   US Nas 100
USNAS100

New forecast

The price perfectly fulfills my last idea and we gout about 125 pip and still running .

The index price renewed positive activity, taking advantage of the general stability above the resistance area 15182 - 15267, in addition to forming the 15293 level for additional support. We notice that it is currently attracted towards 15446.

The price's positioning above the resistance area will in turn increase the chances of the price gathering additional positive momentum, thus facilitating the task of crossing the barrier represented by the 15446 level, and by confirming the breakthrough, trading may extend upward towards 15538 in the near future .Taking into account that stabilized below 15182 will put the price under sell pressure .

The expect range trading for today it will be between the resistance line 15446 and support line 15267 until stabilized .

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

support line : 15267 , 15182
resistance line : 15356 , 15446

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