Prefer a fall to 103.4450 or 102.6833. Then a correction to 104.6100 is anticipated. A clear break of 101.8767 is again bearish.

Technical Forecast

  • Elliott Wave

    crucial reversal point 104.3750

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point102.42
  • Entry Point104.07
  • Trendline 1103.40
  • Trendline 2103.78
  • Elliott105.73
  • Closing103.49
  • Ex-Low103.40
  • Ex-High105.73
  • Projection101.35

Supports and Resistance levels

  • Support 1102.68
  • Support 2101.88
  • Resistance 1105.01
  • Resistance 2106.54
  • Pivot104.21

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