With the opening of the Asian session, the Nasdaq index lost about 0.2%, but in general the global trend remains ascending. Markets were supported by the news that Donald Trump was able to agree with EU representative Jean-Claude Juncker on the elimination of import duties.
It is planned that the EU will purchase more soybeans from US farmers, and the US will reduce duties on imported metals from the EU. Also, significant support for the index is provided by the growth of quotations of companies that work in the IT industry. Facebook, the capitalization of which has lost more than 20% of the quarterly report, and the number of active users in the second half of the year decreased significantly, remains the outsider.
Today, financial data on Amazon and Intel will be published. Also the ECB meeting on monetary policy and interest rates, as well as the statistics on durable goods orders in the US, is expected.
Support and resistance
Stochastic is at 45 points and does not provide any signals for the opening of transactions.
Resistance levels: 7421.9, 7441.4.
Support levels: 7382.8, 7363.3.
Long positions may be opened from 7382.8 with take profit at 7421.9 and stop loss at 7363.3.
NASDAQ100 index of the American stock exchange
|Support levels||7363.3, 7382.8, 7421.9, 7441.4|
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