01.09.2020
Gazprom settled below the support level 186.00, as it continues to move within the descending channel that appears on the chart.
The price is now moving below the 20-50 averages that form resistance levels and pressurize it to decline.
While we have major resistance at 202.70 and major support at 158.75.
We see that the stochastic indicator returns towards the oversold area and the movement within a bearish path will therefore press the price for further decline.
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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