Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3654, which will be followed by reaching resistance level 3705 and then 3800.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3654, which will be followed by moving down to support level 3586.
This/Next Week Forecast (December 7 – 11, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3654, which will be followed by reaching resistance level 3800.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3654, which will be followed by moving down to support level 3540.
previous week forecast
Fundamental Analysis
Economic recovery shows potential for uptrend to the level 3900, but if due to covid US will go to lockdown, market can drop to 3000.
Monthly Forecast, December 2020
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3540, which will be followed by reaching resistance level 3800 – 3900.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3540, which will be followed by moving down to support level 3280 – 3197.
previous month forecast
