One more dip to 112.639503 - 112.543114 is likely followed by a grind higher to 112.915787.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point112.70
  • Entry Point112.68
  • Trendline 1112.88
  • Trendline 2112.64
  • Elliott113.82
  • Closing112.72
  • Ex-Low112.56
  • Ex-High112.93
  • Projection112.42

Supports and Resistance levels

  • Support 1112.54
  • Support 2112.36
  • Resistance 1112.92
  • Resistance 2113.11
  • Pivot112.74

It should trade lower to 112.479103 - 112.031754. Resistances are at 113.272079 and 113.617706. A break of 114.512405 is bullish, confirmed by a close above 112.112656.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point112.42
  • Entry Point113.19
  • Trendline 1113.82
  • Trendline 2113.61
  • Elliott114.04
  • Closing112.72
  • Ex-Low112.24
  • Ex-High113.82
  • Projection112.30

Supports and Resistance levels

  • Support 1112.03
  • Support 2111.34
  • Resistance 1113.62
  • Resistance 2114.51
  • Pivot112.93

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