This/Next Week Forecast (March 22 – 26, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 58.60, which will be followed by reaching resistance level 64 and if it keeps on moving up above that level, we may expect the market to reach resistance level 68.
Downtrend scenario
An downtrend will start or from resistance 64, or as soon, as the market drops below support level 58.60, which will be followed by moving down to support level 52.65.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level $53.
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
