Current rise should end around 78.493301. Objectives of this downmove are 77.932602 or 77.594200. A rise above 78.715599 is again bullish.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point78.66
  • Entry Point78.42
  • Trendline 177.82
  • Trendline 278.55
  • Elliott77.08
  • Closing78.27
  • Ex-Low77.82
  • Ex-High78.38
  • Projection78.75

Supports and Resistance levels

  • Support 177.93
  • Support 277.59
  • Resistance 178.49
  • Resistance 278.72
  • Pivot78.15

It should trade lower to 77.408615. Resistances are at 78.755310 and 79.239601. A break of 80.102005 is bullish, confirmed by a close above 79.405319.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point81.58
  • Entry Point80.91
  • Trendline 177.03
  • Trendline 283.42
  • Elliott70.64
  • Closing78.27
  • Ex-Low77.03
  • Ex-High78.38
  • Projection78.86

Supports and Resistance levels

  • Support 177.41
  • Support 276.55
  • Resistance 178.76
  • Resistance 279.24
  • Pivot77.89

There is bearish potential for a fall to 74.931587 while 79.441292 - 80.584747 resist. After this fall a recovery up to 80.584747 or 81.728195 is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point73.88
  • Entry Point78.92
  • Trendline 181.04
  • Trendline 281.04
  • Elliott83.95
  • Closing77.22
  • Ex-Low77.15
  • Ex-High83.95
  • Projection75.24

Supports and Resistance levels

  • Support 174.93
  • Support 272.64
  • Resistance 181.73
  • Resistance 286.24
  • Pivot79.44