A corrective rise should ideally test 108.60 or even higher than 109.11. Supports are at 107.92. Stop loss below 107.18 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point 107.81

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point108.56
  • Entry Point108.30
  • Trendline 1107.64
  • Trendline 2108.79
  • Elliott105.65
  • Closing108.09
  • Ex-Low107.69
  • Ex-High108.65
  • Projection109.97

Supports and Resistance levels

  • Support 1107.64
  • Support 2107.18
  • Resistance 1108.60
  • Resistance 2109.11

Current rise seems to be over near 109.04 or 112.31 for a retracement towards 105.78 - 103.69 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bullish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point112.05
  • Entry Point105.16
  • Trendline 199.25
  • Trendline 2101.46
  • Elliott97.04
  • Closing108.12
  • Ex-Low99.25
  • Ex-High109.97
  • Projection111.62

Supports and Resistance levels

  • Support 1101.59
  • Support 295.07
  • Resistance 1112.31
  • Resistance 2116.50

It should test 109.97 area after which a sell off down to 106.27 or extended to 104.46 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 109.34

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point109.03
  • Entry Point107.34
  • Trendline 1108.65
  • Trendline 2107.34
  • Elliott105.65
  • Closing108.09
  • Ex-Low105.65
  • Ex-High108.65
  • Projection109.97

Supports and Resistance levels

  • Support 1106.27
  • Support 2104.46
  • Resistance 1109.28
  • Resistance 2110.47