It should be subject to more sell off towards 93.6967 or 92.3433. Corrective upward swings should face resistance around 97.0200 area. A break of 96.4433 is bullish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 95.9693

Key Points

  • Key Point96.04
  • Entry Point94.54
  • Trendline 195.09
  • Trendline 294.77
  • Elliott93.04
  • Closing95.05
  • Ex-Low93.04
  • Ex-High95.09
  • Projection96.87

Supports and Resistance levels

  • Support 193.70
  • Support 292.34
  • Resistance 195.75
  • Resistance 296.44
  • Pivot94.39

It should test 96.5200 area after which a sell off down to 90.9633 or extended to 87.9067 area is expected.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend 95.7551

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point94.37
  • Entry Point94.41
  • Trendline 195.58
  • Trendline 293.23
  • Elliott100.18
  • Closing94.02
  • Ex-Low90.13
  • Ex-High95.41
  • Projection88.60

Supports and Resistance levels

  • Support 190.96
  • Support 287.91
  • Resistance 196.24
  • Resistance 298.47
  • Pivot93.19

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