This/Next Week Forecast (January 11 – 15, 2021)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 16.50, which will be followed by reaching resistance level 18.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 16.50, which will be followed by reaching support level 15.10 and if it keeps on moving down below that level, we may expect the market to reach support level 13.00.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 15.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 15.10, which will be followed by reaching resistance level 16.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 15.10, which will be followed by moving down to support level 14.05 and if it keeps on moving down below that level, we may expect the market to reach support level 13.00.
previous month forecast
