This/Next Week Forecast (April 12 – 16, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 126, which will be followed by reaching resistance level 132 – 134.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 126, 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.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level $120.
Monthly Forecast, April 2021
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 126, which will be followed by moving up to resistance level 135.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 120, which will be followed by reaching support level 111.
previous month forecast
