This/Next Week Forecast (December 21 – 25, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 592, which will be followed by reaching resistance level 625.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 592, which will be followed by moving down to support level 572.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price between the levels 500 – 540.
Monthly Forecast, December 2020
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 633, which will be followed by reaching resistance level 675 – 705.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 580, which will be followed by moving down to support level 543 and 500 – 473.
previous month forecast
