Weekly forecast (December 27 – 30, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 670, which will be followed by moving up to resistance level 682 and if it keeps on moving up above that level, we may expect the market to reach resistance level 702.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 660, which will be followed by moving down to support level 644 and 635.
Monthly forecast, December 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 653,4, which will be followed by moving up to resistance level 677 and 711,6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 653,4, which will be followed by reaching support level 611 – 595.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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