It should trade lower to 148.048126 - 147.623093. Resistances are at 148.739960 and 149.006790. A break of 149.856842 is bullish, confirmed by a close above 147.207520.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point147.68
  • Entry Point148.64
  • Trendline 1149.32
  • Trendline 2149.19
  • Elliott149.46
  • Closing148.16
  • Ex-Low147.94
  • Ex-High149.32
  • Projection147.31

Supports and Resistance levels

  • Support 1147.62
  • Support 2147.09
  • Resistance 1149.01
  • Resistance 2149.86
  • Pivot148.47

It might hold above 148.048111 or 147.497482 for a rise towards above 149.257980. Stop loss below 146.838242 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point147.48
  • Entry Point148.22
  • Trendline 1149.05
  • Trendline 2148.58
  • Elliott151.95
  • Closing148.16
  • Ex-Low147.94
  • Ex-High149.70
  • Projection146.95

Supports and Resistance levels

  • Support 1147.50
  • Support 2146.84
  • Resistance 1149.26
  • Resistance 2150.36
  • Pivot148.60

Currently uptrend should end around 153.437836 - 152.609787 area. A correction down to below 148.165985 is expected. A rise above 154.225067 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point154.22
  • Entry Point151.45
  • Trendline 1146.46
  • Trendline 2152.70
  • Elliott139.31
  • Closing150.99
  • Ex-Low146.95
  • Ex-High151.40
  • Projection153.00

Supports and Resistance levels

  • Support 1148.17
  • Support 2145.34
  • Resistance 1152.61
  • Resistance 2154.23
  • Pivot149.78