Gazprom is correcting the ascending path after reaching the resistance level 184.75 after confirming the upside path, after breaching the resistance 180.70 and closing above it. And also after exiting the descending channel in which it was moving.
The price is moving above the 20-50 moving averages, which is a positive sign for a continuation of the upside path.
While we have resistance at 201.50 and major support at 170.00.
We notice that the stochastic indicator exited from the overbought area in a downward path, and this coincides with the price's corrective decline to the support level of 170.00
The price action will be between the support level 170.50 and the resistance level 201.00.
The general direction of the movement is up.