Market should not go lower than 121.564209 - 121.342674. After this move down it should go up to 121.922897 - 122.060051 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point121.62
  • Entry Point121.91
  • Trendline 1121.88
  • Trendline 2121.88
  • Elliott122.32
  • Closing121.62
  • Ex-Low121.51
  • Ex-High122.23
  • Projection121.02

Supports and Resistance levels

  • Support 1121.34
  • Support 2121.07
  • Resistance 1122.06
  • Resistance 2122.50
  • Pivot121.79

It might hold above 121.564217 or 121.311996 for a rise towards above 122.121437. Stop loss below 121.006996 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point121.05
  • Entry Point121.43
  • Trendline 1122.32
  • Trendline 2121.29
  • Elliott123.35
  • Closing121.62
  • Ex-Low121.51
  • Ex-High122.32
  • Projection121.32

Supports and Resistance levels

  • Support 1121.31
  • Support 2121.01
  • Resistance 1122.12
  • Resistance 2122.63
  • Pivot121.82

It should test 124.332520 area after which a sell off down to 121.319481 or extended to 119.903992 area is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point123.53
  • Entry Point122.16
  • Trendline 1123.04
  • Trendline 2121.61
  • Elliott120.79
  • Closing122.74
  • Ex-Low120.79
  • Ex-High123.09
  • Projection123.35

Supports and Resistance levels

  • Support 1121.32
  • Support 2119.90
  • Resistance 1123.62
  • Resistance 2124.50
  • Pivot122.20