Support at 122.149185 or 121.885208 should hold the downside for a correction to above 122.718132 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point121.86
  • Entry Point122.14
  • Trendline 1122.94
  • Trendline 2122.15
  • Elliott123.73
  • Closing122.19
  • Ex-Low122.11
  • Ex-High122.94
  • Projection120.97

Supports and Resistance levels

  • Support 1121.89
  • Support 2121.58
  • Resistance 1122.72
  • Resistance 2123.25
  • Pivot122.41

It looks set for gains to 123.825836. Supports at 122.620529 and 122.317101. A break of 121.415215 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point123.66
  • Entry Point122.85
  • Trendline 1122.02
  • Trendline 2122.45
  • Elliott121.60
  • Closing123.22
  • Ex-Low122.02
  • Ex-High123.53
  • Projection123.76

Supports and Resistance levels

  • Support 1122.32
  • Support 2121.42
  • Resistance 1123.83
  • Resistance 2124.43
  • Pivot122.92

Currently uptrend should end around 126.426315 - 125.307289 area. A correction down to below 119.951286 is expected. A rise above 127.379082 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    support in an extended wave up

Key Points

  • Key Point125.98
  • Entry Point122.38
  • Trendline 1117.62
  • Trendline 2123.75
  • Elliott112.08
  • Closing123.24
  • Ex-Low118.74
  • Ex-High124.09
  • Projection125.32

Supports and Resistance levels

  • Support 1119.95
  • Support 2116.67
  • Resistance 1125.31
  • Resistance 2127.38
  • Pivot122.02