It looks more likely that it would rise to 93.50 - 93.79 from 93.12 or 92.98. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    impulse wave up 93.74

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point93.37
  • Entry Point93.34
  • Trendline 193.32
  • Trendline 293.35
  • Elliott91.09
  • Closing93.22
  • Ex-Low93.03
  • Ex-High93.55
  • Projection93.41

Supports and Resistance levels

  • Support 192.98
  • Support 292.75
  • Resistance 193.50
  • Resistance 293.79
  • Pivot93.27

While below 93.38 - 93.59 it is more likely to fall further towards 93.00 or 92.82. Premature rise above 93.59 could see it rising above 93.95 zone.

Technical Forecast

  • Elliott Wave

    flat correction up 93.77

Key Points

  • Key Point94.00
  • Entry Point93.81
  • 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
  • Pivot93.18

Preferred view is for a fall to 92.78 - 92.17 while 93.95 - 94.51 area resists. A clear break of 95.73 would be bullish.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point94.36
  • Entry Point94.00
  • Trendline 193.23
  • Trendline 294.51
  • Elliott86.41
  • Closing93.30
  • Ex-Low92.25
  • Ex-High94.60
  • Projection98.17

Supports and Resistance levels

  • Support 192.17
  • Support 291.04
  • Resistance 194.51
  • Resistance 295.73
  • Pivot93.38