It looks more likely that it would rise to 70.992287 - 71.305580 from 70.638435 or 70.481789. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point70.50
  • Entry Point70.81
  • Trendline 170.76
  • Trendline 270.76
  • Elliott71.11
  • Closing70.68
  • Ex-Low70.60
  • Ex-High71.11
  • Projection70.27

Supports and Resistance levels

  • Support 170.48
  • Support 270.28
  • Resistance 170.99
  • Resistance 271.31
  • Pivot70.80

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