Uptrend is still intact. It should continue to rally to 108.867165 or 109.136932 if supports at 108.416565 - 108.326149 area hold. Stop loss below 108.235733.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point108.70
  • Entry Point108.52
  • Trendline 1108.15
  • Trendline 2108.52
  • Elliott107.77
  • Closing108.51
  • Ex-Low108.15
  • Ex-High108.60
  • Projection109.09

Supports and Resistance levels

  • Support 1108.24
  • Support 2107.97
  • Resistance 1108.69
  • Resistance 2108.87
  • Pivot108.42

Market should hold major support at 107.162598 before rising towards 109.138985 or even 109.772461 limit.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point107.86
  • Entry Point108.24
  • Trendline 1109.07
  • Trendline 2107.70
  • Elliott114.04
  • Closing108.51
  • Ex-Low107.77
  • Ex-High109.09
  • Projection106.70

Supports and Resistance levels

  • Support 1107.82
  • Support 2107.14
  • Resistance 1109.14
  • Resistance 2109.77
  • Pivot108.45

Market should not go lower than 109.583008 - 108.170288. After this move down it should go up to 111.713333 - 112.430939 area.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point107.52
  • Entry Point111.48
  • Trendline 1113.75
  • Trendline 2113.46
  • Elliott114.55
  • Closing109.61
  • Ex-Low109.56
  • Ex-High113.82
  • Projection106.83

Supports and Resistance levels

  • Support 1108.17
  • Support 2106.74
  • Resistance 1112.43
  • Resistance 2115.26
  • Pivot111.00