Gazprom analysis

Gazprom share continues its upward path after it managed to breach the resistance 245.50 and stabilize above it. Therefore, we are facing the continuation of the bullish movement to the upside, and the next target will be the level of 273.40.

The price is moving above the 7-20-50 moving averages that are forming support levels for the price and pressuring it to rise again.

We notice that the stochastic oscillator is on a downward path after leaving the overbought zone, but it gives a signal for a bullish crossover between its two lines, and thus we may see the price attempt to rise and try to test the support level.

The price action will be between the support level 245.20 and the resistance level 273.00.

General direction of movement: An upward path.