It looks set to visit further lower territory down to around 124.346191 - 124.129417. Its corrective attempts should fail ahead of 124.726746 - 124.890541. Stop loss above 125.324081 zone.

Technical Forecast

  • Elliott Wave

    resistance in a triangle

Key Points

  • Key Point124.30
  • Entry Point124.73
  • Trendline 1125.00
  • Trendline 2124.95
  • Elliott125.09
  • Closing124.46
  • Ex-Low124.24
  • Ex-High125.00
  • Projection122.59

Supports and Resistance levels

  • Support 1124.13
  • Support 2123.80
  • Resistance 1124.89
  • Resistance 2125.32
  • Pivot124.56

It should test 124.870300 area after which a sell off down to 123.547707 or extended to 122.638412 area is expected.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point124.66
  • Entry Point124.13
  • Trendline 1124.89
  • Trendline 2123.74
  • Elliott129.26
  • Closing124.46
  • Ex-Low123.41
  • Ex-High125.09
  • Projection122.33

Supports and Resistance levels

  • Support 1123.55
  • Support 2122.64
  • Resistance 1125.23
  • Resistance 2126.00
  • Pivot124.32

There is bearish potential for a fall to 125.506241 - 124.256485 while 126.756004 - 127.435257 resist. After this fall a recovery up to 127.435257 or 128.114502 is expected.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point124.80
  • Entry Point126.62
  • Trendline 1128.56
  • Trendline 2128.36
  • Elliott133.13
  • Closing125.61
  • Ex-Low125.40
  • Ex-High129.26
  • Projection119.82

Supports and Resistance levels

  • Support 1124.26
  • Support 2122.90
  • Resistance 1128.11
  • Resistance 2130.61
  • Pivot126.76