Market should not go lower than 107.860420 - 107.610497. After this move down it should go up to 108.262848 - 108.415359 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point107.83
  • Entry Point108.15
  • Trendline 1108.20
  • Trendline 2108.20
  • Elliott108.99
  • Closing107.92
  • Ex-Low107.81
  • Ex-High108.61
  • Projection107.54

Supports and Resistance levels

  • Support 1107.61
  • Support 2107.31
  • Resistance 1108.42
  • Resistance 2108.92
  • Pivot108.11

It looks more likely that it would rise to 108.669724 - 109.423950 from 107.860413 or 107.483299. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point107.43
  • Entry Point108.21
  • Trendline 1108.12
  • Trendline 2108.32
  • Elliott108.99
  • Closing107.92
  • Ex-Low107.81
  • Ex-High108.99
  • Projection106.78

Supports and Resistance levels

  • Support 1107.48
  • Support 2107.05
  • Resistance 1108.67
  • Resistance 2109.42
  • Pivot108.24

It should try higher up to 108.357994 - 108.884048. Entry point 107.831940 or 107.347656. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point107.09
  • Entry Point107.35
  • Trendline 1109.17
  • Trendline 2107.00
  • Elliott112.40
  • Closing107.92
  • Ex-Low106.78
  • Ex-High108.80
  • Projection104.70

Supports and Resistance levels

  • Support 1106.86
  • Support 2105.81
  • Resistance 1108.88
  • Resistance 2109.85
  • Pivot107.83