Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 773,2, which will be followed by moving up to resistance level 842.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 773,2, which will be followed by reaching support level 712,2 and 677.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 744, which will be followed by reaching resistance level 842 and 947,2.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 744, which will be followed by moving down to support level 712,2 and 677.
