This/Next Week Forecast (January 18 – 22, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 690, which will be followed by moving up to resistance level 739.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 690, which will be followed by reaching support level 631 and if it keeps on moving down below that level, we may expect the market to reach support level 572.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 570.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 633, which will be followed by reaching resistance level 690.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 633, which will be followed by moving down to support level 572.
previous month forecast
