This/Next Week Forecast (December 21 – 25, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 425, which will be followed by reaching resistance level 455.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 425, which will be followed by moving down to support level 414 and if it keeps on moving down below that level, we may expect the market to reach support level 390.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 390.
Monthly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 425, which will be followed by reaching resistance level 460.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 390, which will be followed by moving down to support level 355.
previous month forecast
