This/Next Week Forecast (January 11 – 15, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 120, which will be followed by reaching resistance level 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 120, which will be followed by moving down to support level 111.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level $155.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 132, which will be followed by reaching resistance level 140 and 153.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 120, which will be followed by moving down to support level 111 and 102.70.
previous month forecast
