While above 75.874908 - 75.683830 zone a corrective upmove could test 76.227829 or 76.389664. After which it should resume its downtrend.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point75.97
  • Entry Point75.91
  • Trendline 175.76
  • Trendline 275.93
  • Elliott75.42
  • Closing76.01
  • Ex-Low75.74
  • Ex-High76.45
  • Projection76.58

Supports and Resistance levels

  • Support 175.68
  • Support 275.36
  • Resistance 176.39
  • Resistance 276.77
  • Pivot76.07

While below 76.227829 - 76.507332 it is more likely to fall further towards 75.698395 or 75.448479. Premature rise above 76.507332 could see it rising above 77.007172 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point76.57
  • Entry Point76.31
  • Trendline 175.39
  • Trendline 276.70
  • Elliott74.08
  • Closing76.01
  • Ex-Low75.39
  • Ex-High76.45
  • Projection76.44

Supports and Resistance levels

  • Support 175.45
  • Support 274.89
  • Resistance 176.51
  • Resistance 277.01
  • Pivot75.95

There is bearish potential for a fall to 74.709351 - 73.647980 while 75.770714 - 76.453850 resist. After this fall a recovery up to 76.453850 or 77.136986 is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point74.64
  • Entry Point75.98
  • Trendline 176.09
  • Trendline 276.09
  • Elliott79.61
  • Closing75.01
  • Ex-Low74.40
  • Ex-High77.89
  • Projection71.45

Supports and Resistance levels

  • Support 173.65
  • Support 272.28
  • Resistance 177.14
  • Resistance 279.26
  • Pivot75.77