Any possible decline should be supported around 124.184975 - 123.916931 zone for rally to above 125.146957. A clear break of 123.569962 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point124.36
  • Entry Point124.33
  • Trendline 1124.26
  • Trendline 2124.35
  • Elliott124.18
  • Closing124.45
  • Ex-Low124.26
  • Ex-High124.88
  • Projection124.85

Supports and Resistance levels

  • Support 1124.18
  • Support 2123.92
  • Resistance 1124.80
  • Resistance 2125.15
  • Pivot124.53

There is bearish potential for a fall to 124.216705 - 123.639816 while 124.793602 - 125.102692 resist. After this fall a recovery up to 125.102692 or 125.411781 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point123.45
  • Entry Point124.70
  • Trendline 1125.06
  • Trendline 2125.06
  • Elliott125.95
  • Closing124.26
  • Ex-Low124.18
  • Ex-High125.95
  • Projection123.40

Supports and Resistance levels

  • Support 1123.64
  • Support 2123.02
  • Resistance 1125.41
  • Resistance 2126.57
  • Pivot124.79

Market should hold major support at 116.538498 before rising towards 127.447639 or even 130.290787 limit.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point127.02
  • Entry Point122.78
  • Trendline 1126.15
  • Trendline 2123.63
  • Elliott118.54
  • Closing124.60
  • Ex-Low118.54
  • Ex-High125.84
  • Projection127.56

Supports and Resistance levels

  • Support 1120.15
  • Support 2115.70
  • Resistance 1127.45
  • Resistance 2130.29
  • Pivot123.00