Market should not go lower than 2.0864. After this move down it should go up to 2.1261 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 2.0865

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.0912
  • Entry Point2.1099
  • Trendline 12.1369
  • Trendline 22.1205
  • Elliott2.1533
  • Closing2.1030
  • Ex-Low2.1014
  • Ex-High2.1369
  • Projection2.0865

Supports and Resistance levels

  • Support 12.0906
  • Support 22.0783
  • Resistance 12.1261
  • Resistance 22.1493
  • Pivot2.1138

Market should not go lower than 2.1022 - 2.0852. After this move down it should go up to 2.1281 - 2.1371 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 2.0857

Key Points

  • Key Point2.0978
  • Entry Point2.1226
  • Trendline 12.1522
  • Trendline 22.1446
  • Elliott2.1706
  • Closing2.1030
  • Ex-Low2.1014
  • Ex-High2.1533
  • Projection2.0594

Supports and Resistance levels

  • Support 12.0852
  • Support 22.0673
  • Resistance 12.1371
  • Resistance 22.1711
  • Pivot2.1192

It should trade higher to 2.1907 while 2.1463 or 2.1342 offers support. Stop loss below 2.1220 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag 2.1877

Key Points

  • Key Point2.1965
  • Entry Point2.1467
  • Trendline 12.1019
  • Trendline 22.1205
  • Elliott2.0833
  • Closing2.1664
  • Ex-Low2.1019
  • Ex-High2.1706
  • Projection2.1877

Supports and Resistance levels

  • Support 12.1220
  • Support 22.0776
  • Resistance 12.1907
  • Resistance 22.2150
  • Pivot2.1463