It should trade lower to 74.196976 - 74.036972. Resistances are at 74.472382 and 74.587784. A break of 74.907799 is bullish, confirmed by a close above 74.000061.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point74.22
  • Entry Point74.42
  • Trendline 174.68
  • Trendline 274.58
  • Elliott74.77
  • Closing74.27
  • Ex-Low74.13
  • Ex-High74.68
  • Projection73.93

Supports and Resistance levels

  • Support 174.04
  • Support 273.81
  • Resistance 174.59
  • Resistance 274.91
  • Pivot74.36

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