While below 126.97 or 127.14 it could fall towards below 126.65 or 126.34. After which a corrective/consolidation activity is expected to 127.30 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 126.24

  • Trend Warning

    Warning: Low Zone

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point126.71
  • Entry Point127.17
  • Trendline 1126.83
  • Trendline 2127.42
  • Elliott127.63
  • Closing126.97
  • Ex-Low126.83
  • Ex-High127.63
  • Projection126.24

Supports and Resistance levels

  • Support 1126.65
  • Support 2126.34
  • Resistance 1127.46
  • Resistance 2127.95

There are initial signs of a good corrective recovery towards 127.90 or even 128.46. Supports at 126.60 and 125.86 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up 127.77

  • Trend Warning

    Warning: End of trend

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point127.25
  • Entry Point126.92
  • Trendline 1125.89
  • Trendline 2128.02
  • Elliott123.71
  • Closing126.97
  • Ex-Low126.24
  • Ex-High128.84
  • Projection127.77

Supports and Resistance levels

  • Support 1125.86
  • Support 2124.75
  • Resistance 1128.46
  • Resistance 2129.95

It looks set for gains to 126.17. Supports at 122.69 and 121.74. A break of 119.20 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point126.83
  • Entry Point123.77
  • Trendline 1122.05
  • Trendline 2122.24
  • Elliott118.80
  • Closing124.28
  • Ex-Low121.09
  • Ex-High125.52
  • Projection133.49

Supports and Resistance levels

  • Support 1121.74
  • Support 2119.20
  • Resistance 1126.17
  • Resistance 2128.06