Gazprom analysis

Gazprom reached the target at levels of 158.72, to continue moving below the support level of 186.00 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 185.64 and key support at 158.75.

We see that the stochastic indicator is trying to exit the oversold area, return to the upside towards the overbought area, and start the movement within an upward path. This coincides with the price reaching the target within the descending channel within which it is moving, so we may see an upward correction in the price.

The price action will be between the support level 145.75 and the resistance level 170.20.

The general direction of the movement is bearish.