Weekly forecast, May 29 – June 2, 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4244, which will be followed by moving up to resistance level 4382.
Downtrend scenario
Correction possible from resistance 4244 to support 4111.
Monthly forecast, May 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4068, which will be followed by reaching resistance level 4206 – 4244 and if it keeps on moving up above that level, we may expect the market to reach resistance level 4382.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4068, which will be followed by moving down to support level 3937 and 3839.
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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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