23.06.2020
The Gazprom share continues to move within the bullish channel, as the price has reached the minimum channel at the support area, which is represented by the EMA50 in addition to the lower channel line.
The price is now moving above the 50 average and below the 20 average 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 constitutes 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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