This/Next Week Forecast (April 12 – 16, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 82.70, which will be followed by moving up to resistance level 85 and 88.40.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 81.33, which will be followed by moving down to support level 76.97 and if it keeps on moving down below that level, we may expect the market to reach support level 71.80.
previous week forecast
Fundamental Analysis
Difference between supply and demand showing fair price on the level 78.
Monthly forecast, April 2021
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 94, which will be followed by moving up to resistance level 105.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 94, which will be followed by reaching support level 78.5 and if it keeps on moving down below that level, we may expect the market to reach support level 67.
previous month forecast
