US Nas 100

USNAS100 (Rally with some Correction)

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USNAS100 New Forecast

The price maintains bullish pressure due to NVIDIA's strong profits.

Technically, a correction is anticipated down to 18435. Stability below this level would indicate a continuation of the bearish trend towards 18235. Conversely, stability above 18661 would support a bullish trend, with the first target being 18790.

pivot line: 18600
Resistance Price: 18660, 18880, 19100
Support price: 18435, 18250, 17990

Its range for Today will be between Support 18235 and Resistance 18790

On the economic data front, weekly initial jobless claims, S&P global flash PMI readings and durable goods data are due through the week.

Global market participants were also closely watching out for developments around the death of Iranian President Ebrahim Raisi, a hardliner seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, in a helicopter crash.

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