It looks more likely that it would rise to 138.093887 - 138.620010 from 137.525192 or 137.262131. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point137.24
  • Entry Point137.78
  • Trendline 1137.86
  • Trendline 2137.86
  • Elliott138.31
  • Closing137.57
  • Ex-Low137.48
  • Ex-High138.31
  • Projection136.99

Supports and Resistance levels

  • Support 1137.26
  • Support 2136.96
  • Resistance 1138.09
  • Resistance 2138.62
  • Pivot137.79

Market should hold major support at 136.816681 before rising towards 138.446701 or even 139.111908 limit.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point138.20
  • Entry Point137.38
  • Trendline 1137.39
  • Trendline 2136.69
  • Elliott136.56
  • Closing137.78
  • Ex-Low136.56
  • Ex-High138.17
  • Projection140.36

Supports and Resistance levels

  • Support 1136.84
  • Support 2135.90
  • Resistance 1138.45
  • Resistance 2139.11
  • Pivot137.50

Market should not go lower than 136.723785 - 133.462631. After this move down it should go up to 141.660400 - 143.335846 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point135.33
  • Entry Point140.90
  • Trendline 1145.84
  • Trendline 2145.82
  • Elliott148.88
  • Closing136.81
  • Ex-Low136.63
  • Ex-High146.51
  • Projection131.21

Supports and Resistance levels

  • Support 1133.46
  • Support 2130.11
  • Resistance 1143.34
  • Resistance 2149.86
  • Pivot139.98