Weekly forecast (November 28 – December 2, 2022)
Uptrend scenario
An uptrend may be expected to continue, while market is trading above support level 1420,4, which will be followed by reaching resistance level 1469 and if it keeps on moving up above that level, we may expect the market to reach resistance level *1512,2.
Downtrend scenario
The downtrend will start as soon, as the market drops below support level 1420,4, which will be followed by moving down to support level 1362,2.
Monthly forecast, November 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1423.2, which will be followed by moving up to resistance level 1512.2.
Downtrend scenario
A downtrend will start as soon, as the market drops below support level 1364, which will be followed by moving down to support level 1297.
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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