Current fall is near an end of wave around 81.445190 zone, a rally should then procede to above 82.050110. Fall below 81.180214 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point81.60
  • Entry Point81.68
  • Trendline 182.12
  • Trendline 281.63
  • Elliott82.62
  • Closing81.71
  • Ex-Low81.52
  • Ex-High82.13
  • Projection81.29

Supports and Resistance levels

  • Support 181.45
  • Support 281.18
  • Resistance 182.05
  • Resistance 282.39
  • Pivot81.79

It should trade higher to 82.755440 while 82.058502 or 81.902779 offers support. Stop loss below 81.361557 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point82.79
  • Entry Point82.28
  • Trendline 182.27
  • Trendline 282.52
  • Elliott81.29
  • Closing82.44
  • Ex-Low81.67
  • Ex-High82.53
  • Projection82.69

Supports and Resistance levels

  • Support 181.90
  • Support 281.36
  • Resistance 182.76
  • Resistance 283.07
  • Pivot82.21

Uptrend is still intact. It should continue to rally to 84.102837 or 85.094933 if supports at 82.281319 - 81.866608 area hold. Stop loss below 81.451897.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point83.07
  • Entry Point82.42
  • Trendline 181.24
  • Trendline 282.76
  • Elliott78.51
  • Closing82.44
  • Ex-Low81.29
  • Ex-High83.11
  • Projection83.23

Supports and Resistance levels

  • Support 181.45
  • Support 280.46
  • Resistance 183.27
  • Resistance 284.10
  • Pivot82.28