Technical Update - USNAS100 cfd (Nasdaq-100 future) in rising channel. Break out could be imminent
Kim Cramer Larsson
Technical Analyst, Saxo Bank
USNAS100 CFD (Future) is intra day trading in a rising channel. 1 Hour chart below. Key resistance at 11,756.
If USNAS100 breaks above, we are likely to see a move to 12,000 and a test of the falling trend line. However, a move to the 0.618 retracement at 12,213 is not unlikely. See Daily chart.
If USNAS100 breaks bearish out of the rising channel we are likely to see a sell off down to last week’s low at 11,036 but likely lower.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.