This/Next Week Forecast (January 18 – 22, 2021)
An uptrend will start as soon, as the market rises above resistance level 132, which will be followed by moving up to resistance level 140.
The downtrend may be expected to continue, while market is trading below resistance level 132, which will be followed by reaching support level 120 and if it keeps on moving down below that level, we may expect the market to reach support level 111.
previous week forecast
Difference between supply and demand shows fair price at the level $130.
Monthly Forecast, January 2021
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.
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