It should trade lower to 125.55. Resistances are at 126.29 and 126.62. A break of 127.03 is bullish, confirmed by a close above 126.19.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point125.90
  • Entry Point126.01
  • Trendline 1126.27
  • Trendline 2125.80
  • Elliott126.84
  • Closing125.96
  • Ex-Low125.47
  • Ex-High126.21
  • Projection124.87

Supports and Resistance levels

  • Support 1125.55
  • Support 2125.14
  • Resistance 1126.29
  • Resistance 2126.62

Difficult to predict next move. It should stay in a trading range between 123.06 - 127.30. A break of 128.72 is needed for a continuation of up trend.

Technical Forecast

  • Elliott Wave

    impulse wave up 127.44

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point129.25
  • Entry Point124.63
  • Trendline 1121.85
  • Trendline 2122.89
  • Elliott117.30
  • Closing125.87
  • Ex-Low121.69
  • Ex-High125.92
  • Projection129.53

Supports and Resistance levels

  • Support 1123.06
  • Support 2120.26
  • Resistance 1127.30
  • Resistance 2128.72

It should trade higher to 122.40 or above 124.61 in extention. Supports at 118.75 and 117.64. Stop loss below 115.09 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up 127.32

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point121.89
  • Entry Point119.60
  • Trendline 1120.78
  • Trendline 2120.30
  • Elliott117.30
  • Closing120.19
  • Ex-Low117.30
  • Ex-High122.06
  • Projection127.32

Supports and Resistance levels

  • Support 1117.64
  • Support 2115.09
  • Resistance 1122.40
  • Resistance 2124.61