Market should not go lower than 132.119476 - 131.771851. After this move down it should go up to 132.673187 - 132.879272 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point131.99
  • Entry Point132.45
  • Trendline 1133.02
  • Trendline 2132.87
  • Elliott133.89
  • Closing132.18
  • Ex-Low132.05
  • Ex-High133.16
  • Projection130.73

Supports and Resistance levels

  • Support 1131.77
  • Support 2131.36
  • Resistance 1132.88
  • Resistance 2133.57
  • Pivot132.47

It looks more likely that it would rise to 133.402176 - 134.620346 from 132.058502 or 131.449417. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point131.46
  • Entry Point132.67
  • Trendline 1131.93
  • Trendline 2132.46
  • Elliott133.89
  • Closing132.18
  • Ex-Low131.93
  • Ex-High133.89
  • Projection131.40

Supports and Resistance levels

  • Support 1131.45
  • Support 2130.71
  • Resistance 1133.40
  • Resistance 2134.62
  • Pivot132.67

Preferred view is for a fall to 131.921600 - 131.063126 while 133.441284 - 134.102478 area resists. A clear break of 135.819427 would be bullish.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point134.02
  • Entry Point133.93
  • Trendline 1133.01
  • Trendline 2134.22
  • Elliott114.85
  • Closing132.39
  • Ex-Low131.46
  • Ex-High134.50
  • Projection140.60

Supports and Resistance levels

  • Support 1131.06
  • Support 2129.74
  • Resistance 1134.10
  • Resistance 2135.82
  • Pivot132.78