Nasdaq

Nasdaq

Buyers lost steam at 6320 where NASDAQ spent the first part of the day. Despite the recent rally the overall pictures remained the same. The benchmark is in a downward channel, buyers just lifted the price to its upper limit. The resistance lies at 6320, the support exists in at 6280.

NASDAQ is likely to return to the negative ground. We expect a move below 6320 and its further advance down to 6280.

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