Weekly Forecast (January 10 – 13, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 76.80, which will be followed by moving up to resistance level 82.80.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 76.80, which will be followed by reaching support level 72.46 and 70.31.
Monthly Forecast, January 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 76.70, which will be followed by reaching resistance level 83.
Downtrend scenario
An downtrend will start or from resistance 83, or as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 72 – 70.
