It should be subject to more sell off towards 148.161362 or 147.968216. Corrective upward swings should face resistance around 149.631439 area. A break of 149.446304 is bullish.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point149.15
  • Entry Point148.40
  • Trendline 1148.74
  • Trendline 2148.59
  • Elliott147.65
  • Closing148.67
  • Ex-Low147.65
  • Ex-High148.74
  • Projection149.67

Supports and Resistance levels

  • Support 1147.97
  • Support 2147.26
  • Resistance 1149.06
  • Resistance 2149.45
  • Pivot148.35

Uptrend is still intact in a triangle configuration. It should continue to rally to 149.252411 or 149.668671 if support around 147.901428 hold. After which a pullback to 147.901428 - 147.403961 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point149.83
  • Entry Point148.15
  • Trendline 1146.60
  • Trendline 2147.31
  • Elliott143.78
  • Closing148.67
  • Ex-Low146.13
  • Ex-High148.90
  • Projection150.80

Supports and Resistance levels

  • Support 1146.91
  • Support 2145.14
  • Resistance 1149.67
  • Resistance 2150.66
  • Pivot147.90

It should test 146.839478 area after which a sell off down to 143.980499 or extended to 141.714005 area is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point145.16
  • Entry Point145.68
  • Trendline 1147.13
  • Trendline 2145.25
  • Elliott153.86
  • Closing146.25
  • Ex-Low143.78
  • Ex-High148.12
  • Projection95.36

Supports and Resistance levels

  • Support 1143.98
  • Support 2141.71
  • Resistance 1148.32
  • Resistance 2150.38
  • Pivot146.05