This/Next Week Forecast (March 22 – 26, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 134.9, which will be followed by moving up to resistance level 140 – 142.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 132, which will be followed by reaching support level 122 and 120.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level $120.
Monthly Forecast, March 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 142.3, which will be followed by reaching resistance level 153.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 131, which will be followed by moving down to support level 120 and if it keeps on moving down below that level, we may expect the market to reach support level 111 and 102.
previous month forecast
