It may meet resistance in 98.0133 - 98.2700 zone for a drift down to below 97.2267 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 97.0004

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point97.33
  • Entry Point97.85
  • Trendline 199.01
  • Trendline 298.11
  • Elliott100.18
  • Closing97.74
  • Ex-Low97.50
  • Ex-High98.80
  • Projection96.75

Supports and Resistance levels

  • Support 197.23
  • Support 296.71
  • Resistance 198.53
  • Resistance 299.31
  • Pivot98.01

There are initial signs of a good corrective recovery towards 99.3750 or even 99.7300. Supports at 98.4400 and 97.8600 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point97.90
  • Entry Point99.04
  • Trendline 198.56
  • Trendline 2100.03
  • Elliott100.18
  • Closing98.57
  • Ex-Low98.31
  • Ex-High100.18
  • Projection97.44

Supports and Resistance levels

  • Support 197.86
  • Support 297.15
  • Resistance 199.73
  • Resistance 2100.89
  • Pivot99.02

It should try higher up to 98.9600 - 100.1867. Entry point 97.7333 or 96.5100. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Low Zone - Harami

Key Points

  • Key Point94.53
  • Entry Point96.81
  • Trendline 1102.08
  • Trendline 292.52
  • Elliott107.87
  • Closing97.74
  • Ex-Low95.28
  • Ex-High100.18
  • Projection94.36

Supports and Resistance levels

  • Support 195.29
  • Support 292.83
  • Resistance 1100.19
  • Resistance 2102.63
  • Pivot97.73