Nasdaq 100 Technical: A Potential Minor Top Has Emerged
From Investing.com: 2025-06-13 04:59:00
The e-mini futures dropped by -1.80% in Asian session due to risk-off sentiment over Israel’s airstrikes. Oil prices surged by 10% on fears of supply disruption in the Strait of Hormuz, impacting Fed’s plan to cut rates. Tighter liquidity conditions may trigger negative reaction in US stock indices. Fed expected to cut rates by 25 basis points in September meeting. Nasdaq 100 CFD Index shows bearish trend with key resistance at 21,770. Break below support at 21,640 exposes further downside. Daily RSI indicates potential weakness. Clearance above 21,770 key resistance could invalidate bearish scenario.
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