It may attempt a test higher to 212.4150 - 213.4133 after which weakness may set it to a drift down to below 210.0933 limit.

Technical Forecast

  • Elliott Wave

    flat correction up 213.7027

Key Points

  • Key Point213.10
  • Entry Point211.26
  • Trendline 1212.74
  • Trendline 2211.44
  • Elliott209.42
  • Closing212.09
  • Ex-Low209.42
  • Ex-High212.74
  • Projection214.04

Supports and Resistance levels

  • Support 1210.09
  • Support 2208.10
  • Resistance 1213.41
  • Resistance 2214.74
  • Pivot211.42

It looks set for gains to 215.6067. Supports at 208.1800 and 206.2267. A break of 200.7534 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    correction zigzag 214.4774

  • Trend Warning

    Warning: End of trend - Engulfing pattern

Key Points

  • Key Point214.05
  • Entry Point209.35
  • Trendline 1209.80
  • Trendline 2209.80
  • Elliott204.66
  • Closing211.70
  • Ex-Low204.66
  • Ex-High214.04
  • Projection214.48

Supports and Resistance levels

  • Support 1206.23
  • Support 2200.75
  • Resistance 1215.61
  • Resistance 2219.51
  • Pivot210.13

It may meet resistance in 221.7900 - 224.3667 zone for a drift down to 218.3733 zone, after which bounce to 227.7833 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down 219.3400

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point217.93
  • Entry Point220.18
  • Trendline 1230.36
  • Trendline 2219.32
  • Elliott241.40
  • Closing221.79
  • Ex-Low220.95
  • Ex-High230.36
  • Projection219.34

Supports and Resistance levels

  • Support 1218.37
  • Support 2214.96
  • Resistance 1227.78
  • Resistance 2233.78
  • Pivot224.37