07.07.2020
Gazprom shares have returned to rise and tested the resistance represented by t the lower line of the upside channel that was moving within it, in addition to the resistance level 202.25.
And that after the price has reached the support area, which is represented by the moving average 50.
The price is now moving above the 50-20 averages, 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 on an upward path and is heading towards the overbought zone.
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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