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Gazprom analysis


The Gazprom share started moving within a lateral mister after exiting the bullish channel that was moving within it.

After the price has reached the support area, which is the moving average 50.

The price is now moving above average 50 and below average 20 which constitute the first levels of support and resistance for the price.

While we have major resistance at 202.40 and key support at 185.58.

We see that the stochastic oscillator has left the oversold zone and is attempting to rise, but it forms an intersection between its lines and therefore it may return to movement within the oversold zone again.

The price action will be between the support level 185.60 and the resistance level 215.80.

The general direction of movement is bullish.

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