It may meet resistance in 108.069000 - 108.133827 zone for a drift down to 107.820656 zone, after which bounce to 108.382156 is anticipated.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point107.97
  • Entry Point107.80
  • Trendline 1108.59
  • Trendline 2107.71
  • Elliott109.93
  • Closing108.07
  • Ex-Low107.89
  • Ex-High108.45
  • Projection107.53

Supports and Resistance levels

  • Support 1107.82
  • Support 2107.57
  • Resistance 1108.38
  • Resistance 2108.70
  • Pivot108.13

Market should not go lower than 108.279510 - 107.730675. After this move down it should go up to 109.102753 - 109.377174 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point107.70
  • Entry Point108.63
  • Trendline 1109.93
  • Trendline 2109.18
  • Elliott110.67
  • Closing108.28
  • Ex-Low108.28
  • Ex-High109.93
  • Projection106.98

Supports and Resistance levels

  • Support 1107.73
  • Support 2107.18
  • Resistance 1109.38
  • Resistance 2110.47
  • Pivot108.83

Market should not go lower than 108.279503 - 107.142006. After this move down it should go up to 109.985748 - 110.554497 area.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point106.57
  • Entry Point109.42
  • Trendline 1111.69
  • Trendline 2110.98
  • Elliott112.40
  • Closing108.28
  • Ex-Low108.28
  • Ex-High111.69
  • Projection104.70

Supports and Resistance levels

  • Support 1107.14
  • Support 2106.00
  • Resistance 1110.55
  • Resistance 2112.83
  • Pivot109.42