Weekly Forecast (October 31 – November 4 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 87.14, which will be followed by reaching resistance level 92.28 and if it keeps on moving up above that level, we may expect the market to reach resistance level 95.55.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 87.14, which will be followed by moving down to support level 81.30 and 78.90 – 76.90.
previous week forecast
Monthly Forecast, November 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 92.28, which will be followed by moving up to resistance level 107.68.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 92.28, which will be followed by reaching support level 76.90 and if it keeps on moving down below that level, we may expect the market to reach support level 65.65.
previous week forecast
