Our preferred view is for a drift down to 85.391808 or below 85.241234. Resistances is at 85.541412. A rise above 85.693275 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point85.58
  • Entry Point85.52
  • Trendline 185.39
  • Trendline 285.54
  • Elliott85.24
  • Closing85.54
  • Ex-Low85.39
  • Ex-High85.69
  • Projection85.66

Supports and Resistance levels

  • Support 185.39
  • Support 285.24
  • Resistance 185.69
  • Resistance 285.84
  • Pivot85.54

Currently uptrend should end around 85.831345 - 85.968330 area. A correction down to below 84.516586 is expected. A rise above 86.541161 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    irregular flat support in correction up

Key Points

  • Key Point85.99
  • Entry Point85.44
  • Trendline 184.88
  • Trendline 285.23
  • Elliott82.17
  • Closing85.40
  • Ex-Low84.21
  • Ex-High85.66
  • Projection87.80

Supports and Resistance levels

  • Support 184.52
  • Support 283.64
  • Resistance 185.97
  • Resistance 286.54
  • Pivot85.09

It may attempt a test higher to 84.986938 - 85.925880 after which weakness may set it to a drift down to below 82.448364 limit.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point84.24
  • Entry Point84.58
  • Trendline 185.65
  • Trendline 284.19
  • Elliott87.10
  • Closing84.33
  • Ex-Low82.17
  • Ex-High85.65
  • Projection83.05

Supports and Resistance levels

  • Support 182.45
  • Support 280.57
  • Resistance 185.93
  • Resistance 287.53
  • Pivot84.05