Weekly Forecast (February 27 – March 3, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4060,75, which will be followed by moving up to resistance level 4180.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4060,75, which will be followed by reaching support level 3901,75.
Monthly Forecast, February – March 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4180, which will be followed by moving up to resistance level 4361.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4180, which will be followed by reaching support level 3901,75, 3788,50 and if it keeps on moving down below that level, we may expect the market to reach support level 3530,25.
