It should trade lower to 147.834656 - 147.414154. Resistances are at 148.574081 and 148.893005. A break of 149.734009 is bullish, confirmed by a close above 147.442535.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point147.97
  • Entry Point148.48
  • Trendline 1149.10
  • Trendline 2148.88
  • Elliott149.32
  • Closing148.05
  • Ex-Low147.62
  • Ex-High149.10
  • Projection147.65

Supports and Resistance levels

  • Support 1147.41
  • Support 2146.78
  • Resistance 1148.89
  • Resistance 2149.73
  • Pivot148.26

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