Market should not go lower than 2.2464 - 2.2409. After this move down it should go up to 2.2614 - 2.2725 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point 2.2400

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.2434
  • Entry Point2.2511
  • Trendline 12.2638
  • Trendline 22.2469
  • Elliott2.3002
  • Closing2.2504
  • Ex-Low2.2425
  • Ex-High2.2630
  • Projection2.2282

Supports and Resistance levels

  • Support 12.2409
  • Support 22.2315
  • Resistance 12.2614
  • Resistance 22.2725
  • Pivot2.2520

Market should not go lower than 2.2142. After this move down it should go up to 2.2829 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 2.2236

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.2353
  • Entry Point2.2662
  • Trendline 12.3090
  • Trendline 22.2829
  • Elliott2.3363
  • Closing2.2461
  • Ex-Low2.2438
  • Ex-High2.3002
  • Projection2.2148

Supports and Resistance levels

  • Support 12.2265
  • Support 22.2070
  • Resistance 12.2829
  • Resistance 22.3198
  • Pivot2.2634

It may meet resistance in 2.2764 - 2.2934 zone for a drift down to below 2.2165 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 2.2255

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.2371
  • Entry Point2.2731
  • Trendline 12.3544
  • Trendline 22.3060
  • Elliott2.4968
  • Closing2.2504
  • Ex-Low2.2425
  • Ex-High2.3363
  • Projection2.2255

Supports and Resistance levels

  • Support 12.2165
  • Support 22.1826
  • Resistance 12.3103
  • Resistance 22.3702
  • Pivot2.2764