Daily And Weekly Forecasts: EUR/USD, Crude oil, ES, Dax, Gas

Global Markets
81

S&P500 (ES), futures market
Monday forecast, July 6
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3156, which will be followed by reaching resistance level 3186.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3156, which will be followed by moving down to support level 3145 – 3112.

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WTI Crude oil (CL), Futures market
Monday forecast, July 6
Uptrend
An downtrend will start as soon, as the pair drops below support level 40.74, which will be followed by moving down to support level 41.05 – 31.63.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 40.74, which will be followed by reaching support level 39.84.

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GOLD, (GC) Futures market
Monday forecast, July 6
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1789, which will be followed by moving up to resistance level 1799.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1779, which will be followed by moving down to support level 1772.

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EUR/USD (6E), futures market
Monday forecast, July 6
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1.1298, which will be followed by reaching resistance level 1.1330 – 1.1348.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1.1298, which will be followed by moving down to support level 1.1256.

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DISCLAIMER: 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 securities. 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

82

S&P500 (ES), futures market
Monday forecast, July 13
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3184, which will be followed by reaching resistance level 3202 – 3231.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3184, which will be followed by moving down to support level 3168 – 3135.

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WTI Crude oil (CL), Futures market
Monday forecast, July 13
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 39.60, which will be followed by reaching resistance level 41.08.
Downtrend
An downtrend will start as soon, as the pair drops below support level 39.60, which will be followed by moving down to support level 38.50.

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GOLD, (GC) Futures market
Monday forecast July 13
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1817.8, which will be followed by moving up to resistance level 1829.8.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1817.8, which will be followed by reaching support level 1796.5.

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EUR/USD (6E), futures market
Monday forecast, July 13
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1350, which will be followed by moving up to resistance level 1.1377.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1350, which will be followed by reaching support level 1.1292.

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DISCLAIMER: 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 securities. 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

83

EUR/USD Forecast For This/Next Week
(August 24 – 28, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1.1930, which will be followed by reaching resistance level 1.2090.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1735, which will be followed by moving down to support level 1.1450.

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GOLD Forecast For This/Next Week
(August 24 – 28, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 2033, which will be followed by reaching resistance level 2175.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1262, which will be followed by moving down to support level 1740.

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Crude Oil Price Forecast For This/Next Week
(August 24 – 28, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 43.45, which will be followed by reaching resistance level 47.7.

Downtrend scenario
An local downtrend will start as soon, as the pair drops below support level 43, which will be followed by moving down to support level 41.55 and if it keeps on moving down below that level, we may expect the market to reach support level 38.70.

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84

EUR/USD Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1.1930, which will be followed by reaching resistance level 1.2090 – 1.2155.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1735, which will be followed by moving down to support level 1.1450.

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GOLD Price Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 2033, which will be followed by reaching resistance level 2175.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1920, which will be followed by moving down to support level 1862 and if it keeps on moving down below that level, we may expect the market to reach support level 1795 – 1740.

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S&P 500 Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3522, which will be followed by reaching resistance level 3750.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3397, which will be followed by moving down to support level 3191.

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Crude Oil Price Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 43.45, which will be followed by reaching resistance level 47.7.
Downtrend scenario
An local downtrend will start as soon, as the pair drops below support level 42.30, which will be followed by moving down to support level 40.35 and if it keeps on moving down below that level, we may expect the market to reach support level 38.70 and 36.60.

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85

EUR/USD Forecast For This/Next Week
(September 21 – 25, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2310.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1735, which will be followed by moving down to support level 1.1450.

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GOLD This/Next Week Forecast
(September 21 – 25, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1966, which will be followed by moving up to resistance level 2033 – 2073.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1906, which will be followed by moving down to support level 1862 and if it keeps on moving down below that level, we may expect the market to reach support level 1795.

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S&P 500 This/Next Week Forecast
(September 21 – 25, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3430, which will be followed by moving up to resistance level 3505 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3586.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3296, which will be followed by moving down to support level 3219 – 3191.

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Crude Oil This/Next Week Forecast
(September 21 – 25, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 40.35, which will be followed by reaching resistance level 43.00 – 43.75 and if it keeps on moving up above that level, we may expect the market to reach resistance level 47.70.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 40.35, which will be followed by moving down to support level 36.60.

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86

EUR/USD Forecast (September 28 – October 2, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1750, which will be followed by moving up to resistance level 1.1930.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1750, which will be followed by reaching support level 1.1450.

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GOLD Forecast (September 28 – October 2, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1906, which will be followed by moving up to resistance level 1966 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2033.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1862, which will be followed by reaching support level 1795.

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S&P 500 Forecast (September 28 – October 2, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3267, which will be followed by moving up to resistance level 3419 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3505 – 3586.
Downtrend scenario
The downtrend may be expected to continue from resistance level 3284 or in case the market drops below support level 3191, which will be followed by reaching support level 3010.

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Crude oil Forecast (September 28 – October 2, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 38.70, which will be followed by reaching resistance level 41.65 and 43.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 38.70, which will be followed by moving down to support level 36.10.

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87

EUR/USD
Forecast For This/Next Week (October 5 – 9, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1770, which will be followed by moving up to resistance level 1.1930 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1.2155.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1770, which will be followed by reaching support level 1.1570 and 1.1450.

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GOLD
This/Next Week Forecast (October 5 – 9, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1928, which will be followed by moving up to resistance level 1966 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2033.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1928, which will be followed by reaching support level 1862 and 1795.

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S&P 500
This/Next Week Forecast (October 5 – 9, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3397, which will be followed by moving up to resistance level 3505 – 3586.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3397, which will be followed by reaching support level 3191.

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[SIZE=6]Crude Oil
This/Next Week Forecast (October 5 – 9, 2020)[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 38.70, which will be followed by moving up to resistance level 43.00.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 38.10, which will be followed by moving down to support level 32.15.

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88

EUR/USD Weekly forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1735, which will be followed by reaching resistance level 1.1930.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1735, which will be followed by moving down to support level 1.1610 – 1.1570.

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S&P 500 Weekly forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3397, which will be followed by reaching resistance level 3505 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3586.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3397, which will be followed by moving down to support level 3283.

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GOLD Weekly forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1920, which will be followed by reaching resistance level 1966 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2033.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1920, which will be followed by moving down to support level 1848.

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Crude Oil Weekly forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 41.65, which will be followed by moving up to resistance level 43.75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 41.65, which will be followed by reaching support level 38.70 and if it keeps on moving down below that level, we may expect the market to reach support level 36.60.

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89

EUR/USD tuesday forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1805, which will be followed by moving up to resistance level1.1865.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1805, which will be followed by reaching support level 1.1740.

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GOLD Tuesday forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1928, which will be followed by moving up to resistance level 1952.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1928, which will be followed by reaching support level 1893.

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Crude Oil Tuesday forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 38.70, which will be followed by reaching resistance level 41.10 – 41.65.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 38.70, which will be followed by moving down to support level 36.60.

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Soybean Tuesday forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1046, which will be followed by moving up to resistance level 1063.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1034, which will be followed by reaching support level 1000.

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90

EUR/USD Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1740, which will be followed by moving up to resistance level 1.1830.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1740, which will be followed by reaching support level 1.1695.

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GOLD Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1886, which will be followed by reaching resistance level 1920 – 1928 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1952.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1866, which will be followed by moving down to support level 1848.

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S&P 500 Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3505, which will be followed by moving up to resistance level 3586.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3505, which will be followed by reaching support level 3420 – 3397 and if it keeps on moving down below that level, we may expect the market to reach support level 3283.

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Crude Oil Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 41.65, which will be followed by moving up to resistance level 43.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 40.50, which will be followed by moving down to support level 39.

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91

EUR/USD Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1695, which will be followed by reaching resistance level 1.1840 – 1.1930.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1695, which will be followed by moving down to support level 1.1610 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1450.

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GOLD Weekly Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1928, which will be followed by moving up to resistance level 1966 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2033.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1890, which will be followed by moving down to support level 1848.

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S&P 500 Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3430, which will be followed by reaching resistance level 3586 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3750.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3430, which will be followed by moving down to support level 3283 – 3222.

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Crude Oil Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 41.65, which will be followed by reaching resistance level 43 – 43.75.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 39.30, which will be followed by moving down to support level 36.65 – 36.10.

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92

EUR/USD Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1830, which will be followed by reaching resistance level 1.1900 – 1.1930.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1830, which will be followed by moving down to support level 1.1740.

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S&P 500 Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3397, which will be followed by moving up to resistance level 3505 – 3540.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3397, which will be followed by moving down to support level 3283.

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Gold Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1933.50, which will be followed by reaching resistance level 1953.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1914, which will be followed by moving down to support level 1894.

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93

EUR/USD Weekly Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2010 and 1.2090.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1930, which will be followed by reaching support level 1.1740 – 1.1680.

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GOLD Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1966, which will be followed by reaching resistance level 2033.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1933, which will be followed by moving down to support level 1880.

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Crude Oil Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 36.10, which will be followed by reaching resistance level 41.10.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 36.10, which will be followed by moving down to support level 33.60.

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S&P 500 Weekly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3540, which will be followed by reaching resistance level 3705.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3540, which will be followed by reaching support level 3222.

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94

[SIZE=6]EUR/USD, Tuesday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1900, which will be followed by moving up to resistance level 1.2010.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1900, which will be followed by reaching support level 1.1740.

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[SIZE=6]S&P 500, Tuesday Forecast[/SIZE]
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3521, which will be followed by reaching resistance level 3705.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3521, which will be followed by moving down to support level 3454 and 3397.

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[SIZE=6]Crude Oil, Tuesday Forecast[/SIZE]
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 41,85, which will be followed by reaching resistance level 43.75.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 39.30, which will be followed by moving down to support level 37.00 – 36.10.

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95

[SIZE=6]EUR/USD, Thursday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1780, which will be followed by moving up to resistance level 1.1842 – 1.1880.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1788, which will be followed by reaching support level 1.1688.

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[SIZE=6]Crude Oil, Thursday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 41.85, which will be followed by moving up to resistance level 43.00.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 41.10, which will be followed by reaching support level 39.35.

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[SIZE=6]Natural Gas, Thursday Forecast[/SIZE]
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3.010, which will be followed by reaching resistance level 3.145 and if it keeps on moving up above that level and 3.200, we may expect the market to reach resistance level 3.390.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3.010, which will be followed by moving down to support level 2.920 and 2.810.

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96

[SIZE=6]EUR/USD, This/Next Week Forecast (November 16 – 20, 2020)[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2155.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1930, which will be followed by reaching support level 1.1600.

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[SIZE=6]GOLD, This/Next Week Forecast (November 16 – 20, 2020)[/SIZE]
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1848,20, which will be followed by reaching resistance level 1933,15.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1848,20, which will be followed by moving down to support level 1780.

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[SIZE=6]S&P 500, This/Next Week Forecast (November 9 – 13, 2020)[/SIZE]
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1386, which will be followed by reaching resistance level 3705.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3505, which will be followed by moving down to support level 3222.

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[SIZE=6]Crude Oil, This/Next Week Forecast (November 16 – 20, 2020)[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 43,75, which will be followed by moving up to resistance level 47,70.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 43,75, which will be followed by reaching support level 37,00 – 36,10.

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97

[SIZE=6]GOLD, Tuesday Forecast[/SIZE]
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1884, which will be followed by reaching resistance level 1889 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1916.30.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1884, which will be followed by moving down to support level 1864.

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[SIZE=6]S&P 500, Tuesday Forecast[/SIZE]
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3576, which will be followed by reaching resistance level 3666.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3576, which will be followed by moving down to support level 3521

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[SIZE=6]Natural gas, Tuesday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2.800, which will be followed by moving up to resistance level 2.960.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 2.700, which will be followed by reaching support level 2.445.

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98

[SIZE=6]S&P 500, Thursday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3583, which will be followed by moving up to resistance level 3636.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3583, which will be followed by reaching support level 3505.

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[SIZE=6]GOLD, Thursday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1863.50, which will be followed by moving up to resistance level 1884.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1858, which will be followed by reaching support level 1848.

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[SIZE=6]Crude Oil, Thursday Forecast[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 42.00, which will be followed by moving up to resistance level 43.00.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 42.00, which will be followed by reaching support level 40.00.

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99

[SIZE=6]EUR/USD, This/Next Week Forecast (November 23 – 27, 2020)[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2010 and 1.2090.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1815, which will be followed by moving down to support level 1.1745 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1600.

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[SIZE=6]GOLD, This/Next Week Forecast (November 23 – 27, 2020)[/SIZE]
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1899, which will be followed by moving up to resistance level 1950 – 1966.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1850, which will be followed by moving down to support level 1810 – 1780.

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[SIZE=6]S&P 500, This/Next Week Forecast (November 23 – 27, 2020)[/SIZE]
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3582, which will be followed by reaching resistance level 33667 or 3705.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3540, which will be followed by moving down to support level 3475 and if it keeps on moving down below that level, we may expect the market to reach support level 3397.

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[SIZE=6]Crude oil, This/Next Week Forecast (November 23 – 27, 2020)[/SIZE]
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 43.75, which will be followed by reaching resistance level 47.70.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 40, which will be followed by moving down to support level 36.10.

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