Weekly Forecast (October 3 – 7, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 854, which will be followed by reaching resistance level 947.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 854, which will be followed by moving down to support level 791,25.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 972, which will be followed by reaching resistance level 1096.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 972, which will be followed by reaching support level 744.
previous week forecast
