While below 121.149002 - 121.386833 it could fall towards below 120.557838. Rise above 121.534622 could activate some bullish pattern.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point120.79
  • Entry Point121.36
  • Trendline 1121.46
  • Trendline 2121.46
  • Elliott121.92
  • Closing121.15
  • Ex-Low121.09
  • Ex-High121.92
  • Projection120.54

Supports and Resistance levels

  • Support 1120.85
  • Support 2120.56
  • Resistance 1121.68
  • Resistance 2122.22
  • Pivot121.39

Market should not go lower than 120.990509 - 119.581345. After this move down it should go up to 123.140518 - 123.881363 area.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend

Key Points

  • Key Point119.80
  • Entry Point122.40
  • Trendline 1125.28
  • Trendline 2123.62
  • Elliott127.50
  • Closing121.06
  • Ex-Low120.92
  • Ex-High125.22
  • Projection118.90

Supports and Resistance levels

  • Support 1119.58
  • Support 2118.10
  • Resistance 1123.88
  • Resistance 2126.70
  • Pivot122.40