USNAS100
New forecast
The price of the index fell in yesterday’s trading after testing the resistance area at the level of 16530, and now it is trying to stabilize above it. We stress the importance of trading currently remaining above the previously mentioned support, so that this provides an opportunity for the price to gather positive momentum and then to repeat attempts to reach the positive stations currently stable near 16905 and 17200 levels. respectively.
Therefore we still prefer the upward scenario for coming period , for reminder the moving average still support the price to rise up , taking into account that stabilized under under 16530 level and 16436 level will postponed the bullish waves and put the price under sell pressure .
The expect range trading for today it will be between the resistance line 17200 and support line 16436 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect on the market .
support line : 16530 , 16436
resistance line : 16905 , 17200
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