Current rise seems to be over near 74.168625 or 74.402451 for a retracement towards 73.934792 - 73.795319 area.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point74.41
  • Entry Point74.02
  • Trendline 173.47
  • Trendline 273.87
  • Elliott73.07
  • Closing74.12
  • Ex-Low73.47
  • Ex-High74.21
  • Projection74.74

Supports and Resistance levels

  • Support 173.66
  • Support 273.19
  • Resistance 174.40
  • Resistance 274.68
  • Pivot73.93

It should trade lower to 73.271164. Resistances are at 74.594788 and 75.066078. A break of 75.918411 is bullish, confirmed by a close above 75.266617.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point75.93
  • Entry Point75.25
  • Trendline 173.29
  • Trendline 274.20
  • Elliott69.52
  • Closing74.12
  • Ex-Low72.89
  • Ex-High74.21
  • Projection75.29

Supports and Resistance levels

  • Support 173.27
  • Support 272.42
  • Resistance 174.59
  • Resistance 275.07
  • Pivot73.74

It looks more likely that it would rise to 77.123680 - 80.669373 from 73.545456 or 71.772614. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point70.97
  • Entry Point74.92
  • Trendline 176.04
  • Trendline 276.04
  • Elliott78.86
  • Closing73.58
  • Ex-Low73.51
  • Ex-High78.86
  • Projection68.18

Supports and Resistance levels

  • Support 171.77
  • Support 269.97
  • Resistance 177.12
  • Resistance 280.67
  • Pivot75.32