Weekly Forecast (December 27 – 30, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 65.75, which will be followed by moving up to resistance level 67.80 and if it keeps on moving up above that level, we may expect the market to reach resistance level 70.55.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 63.50, which will be followed by moving down to support level 61.55 and 59 – 58.35.
Monthly Forecast, December 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 69,18, which will be followed by moving up to resistance level 75,94.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 69,18, which will be followed by reaching support level 60,11 and if it keeps on moving down below that level, we may expect the market to reach support level 54,29.
