Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2.700, which will be followed by moving up to resistance level 2.820.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2.700, which will be followed by reaching support level 2.565 and 2.445.
The uptrend may be expected to continue, while market is trading above support level 2.368, which will be followed by reaching resistance level 2.700 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3.000.
A downtrend will start as soon, as the market drops below support level 2.368, which will be followed by moving down to support level 2.300 and 2.150.
Fundamental Analysis
Difference between supply and demand shows fair price on the level 2.7.
Monthly Forecast, January 2021
An uptrend will start as soon, as the market rises above resistance level 2.700, which will be followed by moving up to resistance level 3.200 – 3.400.
The downtrend may be expected to continue, while market is trading below resistance level 2.700, which will be followed by reaching support level 2.150.