Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 82,36, which will be followed by reaching resistance level 85,40 and 89,20.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 79,65, which will be followed by moving down to support level 76,25.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 76,25, which will be followed by reaching resistance level 85,40 and 92,93.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 76,25, which will be followed by moving down to support level 65,65.
