Weekly Forecast (February 20 – 24, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 77,71, which will be followed by moving up to resistance level 80,78.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 77,71, which will be followed by reaching support level 72,64.
Monthly Forecast, February – March 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 82,89, which will be followed by moving up to resistance level 88,65.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 82,89, which will be followed by reaching support level 72,64 – 70,86 and if it keeps on moving down below that level, we may expect the market to reach support level 66,00.
