This/Next Week Forecast (March 15 – 19, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 645, which will be followed by moving up to resistance level 672.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 645, which will be followed by reaching support level 624 and if it keeps on moving down below that level, we may expect the market to reach support level 593.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 570.
Monthly Forecast, March 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 693, which will be followed by reaching resistance level 744.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 624, which will be followed by moving down to support level 572.
previous month forecast
