This/Next Week Forecast (December 21 – 25, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 123.70, which will be followed by reaching resistance level 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 123.70, which will be followed by moving down to support level 116.5.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level $155, but new covid wave and lockdown increasing creating downtrend pressure to $95.
Monthly Forecast, December 2020
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 115, which will be followed by reaching resistance level 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 115, which will be followed by moving down to support level 101.
previous month forecast
