Resistances lie around 117.490829 and 117.807472. It should test lower towards 116.536224 zone. A clear break of 117.155426 would be bearish.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point117.35
  • Entry Point117.16
  • Trendline 1116.92
  • Trendline 2117.10
  • Elliott114.85
  • Closing117.17
  • Ex-Low116.54
  • Ex-High117.81
  • Projection118.79

Supports and Resistance levels

  • Support 1116.54
  • Support 2115.90
  • Resistance 1117.81
  • Resistance 2118.45
  • Pivot117.17

Market should not go lower than 114.093155. After this move down it should go up to 117.154114 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point114.52
  • Entry Point115.85
  • Trendline 1117.48
  • Trendline 2116.81
  • Elliott122.89
  • Closing115.27
  • Ex-Low115.21
  • Ex-High118.06
  • Projection112.50

Supports and Resistance levels

  • Support 1114.29
  • Support 2113.32
  • Resistance 1117.15
  • Resistance 2119.04
  • Pivot116.18

Current move should be supported in 118.701370 - 117.305984 zone for a rise to 124.356010. A break below 115.837486 opens the way down.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point116.79
  • Entry Point119.84
  • Trendline 1118.63
  • Trendline 2119.01
  • Elliott122.89
  • Closing118.77
  • Ex-Low118.63
  • Ex-High122.89
  • Projection115.37

Supports and Resistance levels

  • Support 1117.31
  • Support 2115.84
  • Resistance 1121.57
  • Resistance 2124.36
  • Pivot120.10