Our preferred view is for a drift down to 81.577560 or below 81.424118. Resistances is at 81.610092. A rise above 81.924751 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point82.02
  • Entry Point81.91
  • Trendline 181.61
  • Trendline 282.17
  • Elliott79.97
  • Closing81.73
  • Ex-Low81.62
  • Ex-High81.97
  • Projection82.46

Supports and Resistance levels

  • Support 181.58
  • Support 281.42
  • Resistance 181.92
  • Resistance 282.12
  • Pivot81.77

It should trade higher to 82.101097 while 81.035545 or 80.748001 offers support. Stop loss below 80.460464 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point82.26
  • Entry Point81.12
  • Trendline 180.81
  • Trendline 280.81
  • Elliott79.97
  • Closing81.53
  • Ex-Low79.97
  • Ex-High81.61
  • Projection82.62

Supports and Resistance levels

  • Support 180.46
  • Support 279.39
  • Resistance 182.10
  • Resistance 282.68
  • Pivot81.04

Market should not go lower than 80.094246 - 79.003891. After this move down it should go up to 81.744659 - 82.304710 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point79.24
  • Entry Point81.13
  • Trendline 183.18
  • Trendline 282.37
  • Elliott85.24
  • Closing80.12
  • Ex-Low80.06
  • Ex-High83.37
  • Projection77.19

Supports and Resistance levels

  • Support 179.00
  • Support 277.88
  • Resistance 182.30
  • Resistance 284.49
  • Pivot81.18