It looks more likely that it would rise to 72.090332 - 72.514153 from 71.652252 or 71.440346. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point71.37
  • Entry Point71.83
  • Trendline 171.95
  • Trendline 271.95
  • Elliott72.29
  • Closing71.67
  • Ex-Low71.64
  • Ex-High72.29
  • Projection71.30

Supports and Resistance levels

  • Support 171.44
  • Support 271.21
  • Resistance 172.09
  • Resistance 272.51
  • Pivot71.86

It should try higher up to 72.123421 - 72.603935. Entry point 71.642906 or 71.388947. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point72.78
  • Entry Point71.73
  • Trendline 171.34
  • Trendline 271.34
  • Elliott70.68
  • Closing72.10
  • Ex-Low70.68
  • Ex-High72.15
  • Projection72.70

Supports and Resistance levels

  • Support 171.13
  • Support 270.17
  • Resistance 172.60
  • Resistance 273.11
  • Pivot71.64

Market should not go lower than 68.830414. After this move down it should go up to 73.241791 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point69.00
  • Entry Point71.83
  • Trendline 174.40
  • Trendline 272.89
  • Elliott76.78
  • Closing70.78
  • Ex-Low70.69
  • Ex-High74.43
  • Projection69.52

Supports and Resistance levels

  • Support 169.50
  • Support 268.22
  • Resistance 173.24
  • Resistance 275.71
  • Pivot71.96