Gazprom analysis 14.07.2020

The Gazprom share continues to move below the resistance represented by the minimum upside channel within which it was moving in addition to the resistance level 202.60.

The price reached the support area, which is SMA 50.

The price is now moving below the 50-20 averages, which form the first levels of price resistance.

While we have major resistance at 202.40 and key support at 186.11.

We see that the stochastic oscillator has left the overbought zone on a bearish path and is heading towards the oversold 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.