Uptrend is still intact in a triangle configuration. It should continue to rally to 94.26 or 94.19 if support around 93.82 hold. After which a pullback to 93.82 - 93.73 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up 94.29

  • Trend Warning

    Warning: Imminent end of bullish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point94.27
  • Entry Point93.94
  • Trendline 193.54
  • Trendline 293.82
  • Elliott91.09
  • Closing94.00
  • Ex-Low93.45
  • Ex-High94.01
  • Projection94.29

Supports and Resistance levels

  • Support 193.63
  • Support 293.26
  • Resistance 194.19
  • Resistance 294.38

Strength can extend to 93.59 or even higher than 94.35 as declines are expected to find support at 93.00. A fall below 92.82 could turn it bearish.

Technical Forecast

  • Elliott Wave

    common flat correction up 94.22

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point94.08
  • Entry Point93.85
  • Trendline 192.78
  • Trendline 294.47
  • Elliott91.09
  • Closing93.22
  • Ex-Low92.78
  • Ex-High93.55
  • Projection94.22

Supports and Resistance levels

  • Support 192.82
  • Support 292.41
  • Resistance 193.59
  • Resistance 293.95

It may attempt a test higher to 94.11 - 95.12 after which weakness may set it to a drift down to 91.99 limit.

Technical Forecast

  • Elliott Wave

    flat correction up 95.01

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point95.35
  • Entry Point93.22
  • Trendline 193.78
  • Trendline 293.85
  • Elliott91.09
  • Closing94.00
  • Ex-Low91.09
  • Ex-High94.22
  • Projection95.68

Supports and Resistance levels

  • Support 191.99
  • Support 289.97
  • Resistance 195.12
  • Resistance 296.24