Weekly Forecast (November 14 – 18, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 154.175, which will be followed by moving up to resistance level 156.175.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 154.175, which will be followed by reaching support level 151.
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 151.775, which will be followed by reaching resistance level 156.475 and 164.250.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 151.775, which will be followed by moving down to support level 148.325 and 145.450.
