This/Next Week Forecast (February 8 – 12, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 55.25, which will be followed by reaching resistance level 59.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 55.25, which will be followed by moving down to support level 53.50.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price between the levels $53.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 43.00, which will be followed by reaching resistance level 53.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 43.00, which will be followed by moving down to support level 36.10 – 33.60.
previous month forecast
