This/Next Week Forecast (February 8 – 12, 2021)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 85, which will be followed by reaching resistance level 89.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 82.35, which will be followed by moving down to support level 78.5.
previous week forecast
Fundamental Analysis
Difference between supply and demand showing fair price on the level 78.
Monthly forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 78.50, which will be followed by reaching resistance level 85.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 71.80 , which will be followed by moving down to support level 67.00 and if it keeps on moving down below that level, we may expect the market to reach support level 57.10.
previous month forecast