Market should not go lower than 101.35 - 101.10. After this move down it should go up to 101.78 - 101.95 area.

Technical Forecast

  • Elliott Wave

    flat correction down 101.19

  • Trend Warning

    Warning: Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point101.22
  • Entry Point101.49
  • Trendline 1101.85
  • Trendline 2101.71
  • Elliott103.86
  • Closing101.45
  • Ex-Low101.25
  • Ex-High102.11
  • Projection101.19

Supports and Resistance levels

  • Support 1101.10
  • Support 2100.75
  • Resistance 1101.95
  • Resistance 2102.45

There are initial signs of a good corrective recovery towards 102.65 or even 103.22. Supports at 101.19 and 100.31 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point100.49
  • Entry Point102.18
  • Trendline 1101.00
  • Trendline 2102.42
  • Elliott103.86
  • Closing101.45
  • Ex-Low100.94
  • Ex-High103.86
  • Projection100.14

Supports and Resistance levels

  • Support 1100.31
  • Support 299.16
  • Resistance 1103.22
  • Resistance 2105.00

Market should hold major support at 95.41 before rising towards 100.13 or even 101.79 limit.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point101.06
  • Entry Point97.63
  • Trendline 198.00
  • Trendline 297.07
  • Elliott94.12
  • Closing98.47
  • Ex-Low94.92
  • Ex-High99.18
  • Projection104.82

Supports and Resistance levels

  • Support 195.87
  • Support 293.26
  • Resistance 1100.13
  • Resistance 2101.79