Positive mood prevailed during the European session, however sentiment deteriorated after the US open. The main US stock indices are trading lower and the technological Nasdaq (US100) fell more than 1.0%. Looking at the H4 interval from a technical point of view, one can see that index temporarily broke above the resistance at 13,275 pts marked with upper limit of the 1: 1 structure and 50% Fibonacci retracement. However buyers were not able to break above the EMA 100 and the price pulled back. According to classic technical analysis, a deeper pullback cannot be ruled out. The nearest support to watch lies at 12773 pts.
US100 interval H4. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.