Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1824,6, which will be followed by reaching resistance level 1882,5.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1791,8, which will be followed by moving down to support level 1751,6 and if it keeps on moving down below that level, we may expect the market to reach support level 1673,3.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1824,6, which will be followed by reaching resistance level 1882,5 – 1923,7.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1809,6, which will be followed by moving down to support level 1751,6 and if it keeps on moving down below that level, we may expect the market to reach support level 1673,3.
