It should be subject to more sell off towards 77.771034 or 77.523079. Corrective upward swings should face resistance around 78.159363 area. A break of 78.421333 is bullish.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point78.23
  • Entry Point78.12
  • Trendline 177.99
  • Trendline 278.09
  • Elliott76.30
  • Closing78.02
  • Ex-Low77.72
  • Ex-High78.17
  • Projection78.80

Supports and Resistance levels

  • Support 177.77
  • Support 277.52
  • Resistance 178.22
  • Resistance 278.42
  • Pivot77.97

It should try higher up to 78.098267 - 78.698952. Entry point 77.497581 or 77.157608. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point78.80
  • Entry Point77.55
  • Trendline 177.11
  • Trendline 277.11
  • Elliott76.30
  • Closing78.02
  • Ex-Low76.30
  • Ex-High78.18
  • Projection78.61

Supports and Resistance levels

  • Support 176.82
  • Support 275.62
  • Resistance 178.70
  • Resistance 279.38
  • Pivot77.50

Current rise seems to be over near 78.098251 or 79.601974 for a retracement towards 76.594536 - 75.803040 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point80.16
  • Entry Point76.22
  • Trendline 173.31
  • Trendline 274.84
  • Elliott72.26
  • Closing78.02
  • Ex-Low73.59
  • Ex-High78.18
  • Projection81.38

Supports and Resistance levels

  • Support 175.01
  • Support 272.00
  • Resistance 179.60
  • Resistance 281.18
  • Pivot76.59