Tuesday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 65.70, which will be followed by moving up to resistance level 66.60 and if it keeps on moving up above that level, we may expect the market to reach resistance level 68.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 65.70, which will be followed by reaching support level 64.57 and 63.80.
This/Next Week Forecast (March 8 – 12, 2021)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 66.60, which will be followed by reaching resistance level 70.40.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 63.80, which will be followed by moving down to support level 58.60.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price between the levels $63.
Monthly Forecast, March 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 57.40, which will be followed by reaching resistance level 64.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 57.40, which will be followed by moving down to support level 52.
previous month forecast