It looks set to visit further lower territory down to around 113.309021. Its corrective attempts should fail ahead of 113.685448. Stop loss above 113.887909 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point113.49
  • Entry Point113.45
  • Trendline 1113.34
  • Trendline 2113.48
  • Elliott113.20
  • Closing113.48
  • Ex-Low113.34
  • Ex-High113.71
  • Projection113.72

Supports and Resistance levels

  • Support 1113.31
  • Support 2113.14
  • Resistance 1113.69
  • Resistance 2113.89
  • Pivot113.51

While below 113.759750 - 114.053505 it is more likely to fall further towards 113.180740 or 112.895485. Premature rise above 114.053505 could see it rising above 114.624023 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point113.64
  • Entry Point113.40
  • Trendline 1112.88
  • Trendline 2113.45
  • Elliott112.30
  • Closing113.48
  • Ex-Low112.88
  • Ex-High114.04
  • Projection114.21

Supports and Resistance levels

  • Support 1112.90
  • Support 2112.31
  • Resistance 1114.05
  • Resistance 2114.62
  • Pivot113.47

Corrective dips should ideally halt near 112.893585 or 112.456184 for one more thrust upwards towards 113.844391 - 114.357796 area or 115.232605 in extention. Fall below 111.429382 puts it back on a downward path.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point113.88
  • Entry Point113.38
  • Trendline 1112.53
  • Trendline 2113.27
  • Elliott109.78
  • Closing113.48
  • Ex-Low112.30
  • Ex-High114.21
  • Projection115.27

Supports and Resistance levels

  • Support 1112.46
  • Support 2111.43
  • Resistance 1114.36
  • Resistance 2115.23
  • Pivot113.33