It is likely to fall towards 131.100571 - 130.875885 as its corrective rally could falter in 131.545731 - 131.766205 area. Stop above 132.215576 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point131.32
  • Entry Point131.49
  • Trendline 1131.77
  • Trendline 2131.56
  • Elliott131.98
  • Closing131.32
  • Ex-Low130.88
  • Ex-High131.77
  • Projection130.70

Supports and Resistance levels

  • Support 1130.88
  • Support 2130.43
  • Resistance 1131.77
  • Resistance 2132.22
  • Pivot131.33

Currently uptrend should end around 132.196716 - 132.008102 area. A correction down to below 130.114044 is expected. A rise above 132.716705 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point132.05
  • Entry Point131.12
  • Trendline 1129.82
  • Trendline 2130.88
  • Elliott126.66
  • Closing131.30
  • Ex-Low129.64
  • Ex-High131.53
  • Projection132.61

Supports and Resistance levels

  • Support 1130.11
  • Support 2128.93
  • Resistance 1132.01
  • Resistance 2132.72
  • Pivot130.82

It may attempt a test higher to 129.849915 - 130.912872 after which weakness may set it to a drift down to 127.234558 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point129.21
  • Entry Point129.25
  • Trendline 1130.11
  • Trendline 2128.77
  • Elliott133.49
  • Closing129.36
  • Ex-Low126.66
  • Ex-High130.34
  • Projection126.16

Supports and Resistance levels

  • Support 1127.23
  • Support 2125.11
  • Resistance 1130.91
  • Resistance 2132.47
  • Pivot128.79