It may meet resistance in 231.9100 - 232.8333 zone for a drift down to 230.7867 zone, after which bounce to 233.9566 is anticipated.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 230.0246

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point230.36
  • Entry Point232.07
  • Trendline 1234.97
  • Trendline 2232.45
  • Elliott244.09
  • Closing231.91
  • Ex-Low231.71
  • Ex-High234.88
  • Projection227.13

Supports and Resistance levels

  • Support 1230.79
  • Support 2229.66
  • Resistance 1233.96
  • Resistance 2236.00
  • Pivot232.83

It looks set to visit further lower territory down to around 238.0550 - 236.0433. Its corrective attempts should fail ahead of 238.0550 - 243.8233. Stop loss above 247.8467 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 236.8779

  • Trend Warning

    Warning: End of trend - Engulfing pattern

Key Points

  • Key Point239.40
  • Entry Point241.74
  • Trendline 1240.29
  • Trendline 2240.29
  • Elliott244.09
  • Closing239.80
  • Ex-Low236.31
  • Ex-High244.09
  • Projection236.31

Supports and Resistance levels

  • Support 1236.04
  • Support 2232.29
  • Resistance 1243.82
  • Resistance 2247.85
  • Pivot240.07

While above 239.6050 - 235.7666 zone a corrective dip could test 243.4433 or 248.5966. After which it should resume his downtrend.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point237.14
  • Entry Point244.13
  • Trendline 1242.20
  • Trendline 2242.58
  • Elliott251.12
  • Closing240.92
  • Ex-Low238.29
  • Ex-High251.12
  • Projection232.58

Supports and Resistance levels

  • Support 1235.77
  • Support 2230.61
  • Resistance 1248.60
  • Resistance 2256.27
  • Pivot243.44