Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 183,075, which will be followed by reaching resistance level 185,400 and 188,250.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 181,475, which will be followed by moving down to support level 176,325.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 176,325, which will be followed by reaching resistance level 183,075 and if it keeps on moving up above that level, we may expect the market to reach resistance level 191,500.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 176,325, which will be followed by moving down to support level 173.350.
