Preferred view is for a fall to 96.6850 - 96.4067 while 97.2050 - 97.4467 area resists. A clear break of 98.0033 would be bullish.

Technical Forecast

  • Elliott Wave

    common flat correction up 97.4800

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point97.25
  • Entry Point97.15
  • Trendline 196.92
  • Trendline 297.25
  • Elliott94.17
  • Closing96.89
  • Ex-Low96.48
  • Ex-High97.52
  • Projection97.48

Supports and Resistance levels

  • Support 196.41
  • Support 295.92
  • Resistance 197.45
  • Resistance 298.00
  • Pivot96.96

Current upmove should continue to 97.6567 or 99.2233. Any correction should find support in 95.9133 - 95.1300 zone. A break above 96.7467 could accelerate the move up.

Technical Forecast

  • Elliott Wave

    crucial reversal point 95.1550

Key Points

  • Key Point96.97
  • Entry Point96.25
  • Trendline 195.34
  • Trendline 296.19
  • Elliott90.13
  • Closing96.09
  • Ex-Low94.17
  • Ex-High97.48
  • Projection100.18

Supports and Resistance levels

  • Support 194.35
  • Support 292.60
  • Resistance 197.66
  • Resistance 299.22
  • Pivot95.91

It should test 97.2900 area after which a sell off down to 90.7900 or extended to 86.2700 area is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point96.30
  • Entry Point95.48
  • Trendline 196.50
  • Trendline 296.84
  • Elliott107.87
  • Closing95.31
  • Ex-Low90.13
  • Ex-High98.51
  • Projection86.01

Supports and Resistance levels

  • Support 190.79
  • Support 286.27
  • Resistance 199.17
  • Resistance 2103.03
  • Pivot94.65