This/Next Week Forecast (March 1 – 5, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 540, which will be followed by reaching resistance level 559 and if it keeps on moving up above that level, we may expect the market to reach resistance level 574.
Downtrend scenario
An downtrend will start or from resistance 559, or as soon, as the market drops below support level 540, which will be followed by moving down to support level 524.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 450.
Monthly Forecast, March 2021
Uptrend scenario
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.
Downtrend scenario
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