Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 680,2, which will be followed by moving up to resistance level 704,6.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 649,2, which will be followed by moving down to support level 611,4.
Monthly Forecast, December 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 653,4, which will be followed by moving up to resistance level 677 and 711,6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 653,4, which will be followed by reaching support level 611 – 595.
