One more dip to 77.245377 - 77.074455 is likely followed by a grind higher to 77.551445 - 77.686592. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point77.19
  • Entry Point77.32
  • Trendline 177.62
  • Trendline 277.41
  • Elliott78.86
  • Closing77.34
  • Ex-Low77.15
  • Ex-High77.76
  • Projection76.87

Supports and Resistance levels

  • Support 177.07
  • Support 276.80
  • Resistance 177.69
  • Resistance 278.03
  • Pivot77.42

There are initial signs of a good corrective recovery towards 78.104378 or even 78.423836. Supports at 77.245377 and 76.705841 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point76.68
  • Entry Point77.77
  • Trendline 177.15
  • Trendline 278.00
  • Elliott78.86
  • Closing77.34
  • Ex-Low77.15
  • Ex-High78.86
  • Projection76.30

Supports and Resistance levels

  • Support 176.71
  • Support 276.07
  • Resistance 178.42
  • Resistance 279.50
  • Pivot77.78

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