There are initial signs of a good corrective recovery towards 65.25 or even 65.63. Supports at 64.45 and 64.03 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 65.35

  • Trend Warning

    Warning: End of trend

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point65.18
  • Entry Point64.99
  • Trendline 164.48
  • Trendline 265.14
  • Elliott62.04
  • Closing64.80
  • Ex-Low64.11
  • Ex-High65.70
  • Projection66.38

Supports and Resistance levels

  • Support 164.03
  • Support 263.27
  • Resistance 165.63
  • Resistance 266.47

It looks more likely that it would rise to 65.09 - 65.38 from 64.77 or 64.63. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 64.38

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point64.61
  • Entry Point64.91
  • Trendline 164.75
  • Trendline 265.39
  • Elliott65.21
  • Closing64.80
  • Ex-Low64.75
  • Ex-High65.21
  • Projection64.53

Supports and Resistance levels

  • Support 164.63
  • Support 264.46
  • Resistance 165.09
  • Resistance 265.38

It looks more likely that it would rise to 64.20 - 65.51 from 62.76 or 62.10. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    common flat correction up 65.70

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point63.77
  • Entry Point63.77
  • Trendline 163.73
  • Trendline 264.94
  • Elliott62.04
  • Closing62.89
  • Ex-Low62.62
  • Ex-High64.72
  • Projection67.97

Supports and Resistance levels

  • Support 162.10
  • Support 261.31
  • Resistance 164.20
  • Resistance 265.51