Currently uptrend should end around 75.650360 - 75.840065 area. A correction down to 75.344482 - 75.228317 is expected. A rise above 76.072403 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point75.83
  • Entry Point75.42
  • Trendline 175.08
  • Trendline 275.19
  • Elliott74.97
  • Closing75.61
  • Ex-Low75.08
  • Ex-High75.69
  • Projection76.17

Supports and Resistance levels

  • Support 175.23
  • Support 274.85
  • Resistance 175.84
  • Resistance 276.07
  • Pivot75.46

There is bearish potential for a fall to 75.094315 - 74.737335 while 75.451294 - 75.649132 resist. After this fall a recovery up to 75.649132 or 75.846970 is expected.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point74.91
  • Entry Point75.08
  • Trendline 175.54
  • Trendline 275.94
  • Elliott80.73
  • Closing75.13
  • Ex-Low75.06
  • Ex-High76.17
  • Projection73.61

Supports and Resistance levels

  • Support 174.74
  • Support 274.34
  • Resistance 175.85
  • Resistance 276.56
  • Pivot75.45

Market should not go lower than 75.094315 - 73.891418. After this move down it should go up to 76.918007 - 77.538803 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point73.39
  • Entry Point75.70
  • Trendline 178.70
  • Trendline 276.68
  • Elliott80.73
  • Closing75.13
  • Ex-Low75.06
  • Ex-High78.70
  • Projection70.64

Supports and Resistance levels

  • Support 173.89
  • Support 272.65
  • Resistance 177.54
  • Resistance 279.94
  • Pivot76.30