Weekly Forecast (November 14 – 18, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 112,01, which will be followed by reaching resistance level 112,27 and 114,07.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 112,01, which will be followed by moving down to support level 109,10.
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 110,19, which will be followed by reaching resistance level 114,07 and if it keeps on moving up above that level, we may expect the market to reach resistance level 117.08.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 110,19, which will be followed by moving down to support level 106,31 and 103.20.
