This/Next Week Forecast (February 22 – 26, 2021)
An uptrend will start as soon, as the market rises above resistance level 554, which will be followed by moving up to resistance level 574.
The downtrend may be expected to continue, while market is trading below resistance level 554, which will be followed by reaching support level 524 and if it keeps on moving down below that level, we may expect the market to reach support level 500 – 492.
previous week forecast
Difference between supply and demand shows fair price on the level 450.
Monthly Forecast, March 2021
The uptrend may be expected to continue in case the market rises above resistance level 574, which will be followed by reaching resistance level 620.
An downtrend will start as soon, as the market drops below support level 524, which will be followed by moving down to support level 455.
previous month forecast