04.08.2020
Gazprom share has moved below the support level of 185.80, as it settled in trading around this level after it opened trading last week on a falling price gap, after it failed to return to the bullish channel that was moving within it.
The price is now moving below the averages 50 - 20-7 which form the first levels of resistance to the price.
While we have major resistance at 202.20 and key support at 158.75.
We see that the stochastic oscillator is returning to the movement within a descending path, thus it will press the price to breach the support of 185.80 and go down
The price action will be between the support level 158.75 and the resistance level 202.20.
The general direction of the movement is bearish.
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