It should test 106.2900 area after which a sell off down to 103.4533 or extended to 101.9167 area is expected.

Technical Forecast

  • Elliott Wave

    resistance in an impulse wave down 105.9468

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point105.64
  • Entry Point105.04
  • Trendline 1105.41
  • Trendline 2104.99
  • Elliott109.97
  • Closing104.99
  • Ex-Low103.02
  • Ex-High105.66
  • Projection103.26

Supports and Resistance levels

  • Support 1103.45
  • Support 2101.92
  • Resistance 1106.09
  • Resistance 2107.20
  • Pivot104.56

It may meet resistance in 106.8900 - 107.7933 zone for a drift down to 105.6167 zone, after which bounce to 109.0667 is anticipated.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 105.7607

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point105.54
  • Entry Point106.20
  • Trendline 1110.36
  • Trendline 2106.53
  • Elliott116.86
  • Closing106.89
  • Ex-Low106.52
  • Ex-High109.97
  • Projection102.33

Supports and Resistance levels

  • Support 1105.62
  • Support 2104.34
  • Resistance 1109.07
  • Resistance 2111.24
  • Pivot107.79

One more dip to 109.8800 - 107.5533 is likely followed by a grind higher to 116.5333.

Technical Forecast

  • Elliott Wave

    crucial reversal point 114.4800

Key Points

  • Key Point111.39
  • Entry Point110.45
  • Trendline 1116.86
  • Trendline 2108.15
  • Elliott125.57
  • Closing111.88
  • Ex-Low107.88
  • Ex-High116.86
  • Projection103.39

Supports and Resistance levels

  • Support 1107.55
  • Support 2103.23
  • Resistance 1116.53
  • Resistance 2121.19
  • Pivot112.21