Gazprom analysis 21.07.2020

Gazprom shares opened the week with a falling price gap after it failed to return to the bullish channel that it was moving in. As trading opened below the support level 185.80 and yesterday attempted to breach this level.

The price is now moving below the averages 50 - 20-7 which form the first levels of price resistance.

While we have major resistance at 202.20 and key support at 158.75.

We see that the stochastic oscillator has left the oversold zone on an upward path and is moving upwards

The price action will be between the support level 158.75 and the resistance level 202.20.

The general direction of movement is neutral.