If market stays below 112.348625 a fall to 111.888428 is expected. If market breaks the point 112.504166 it could reach the sky.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point112.26
  • Entry Point112.12
  • Trendline 1112.18
  • Trendline 2112.46
  • Elliott114.55
  • Closing112.20
  • Ex-Low111.88
  • Ex-High112.50
  • Projection111.38

Supports and Resistance levels

  • Support 1111.89
  • Support 2111.58
  • Resistance 1112.50
  • Resistance 2112.81
  • Pivot112.19

Market should not go lower than 112.018745 - 111.377327. After this move down it should go up to 113.071251 - 113.482338 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point111.51
  • Entry Point112.73
  • Trendline 1113.94
  • Trendline 2113.34
  • Elliott114.55
  • Closing112.20
  • Ex-Low111.84
  • Ex-High113.94
  • Projection110.38

Supports and Resistance levels

  • Support 1111.38
  • Support 2110.56
  • Resistance 1113.48
  • Resistance 2114.77
  • Pivot112.66

It should trade higher to 114.805679 while 112.593834 or 112.037003 offers support. Stop loss below 111.480171 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point115.34
  • Entry Point112.54
  • Trendline 1110.38
  • Trendline 2110.99
  • Elliott109.78
  • Closing113.69
  • Ex-Low110.38
  • Ex-High113.71
  • Projection115.27

Supports and Resistance levels

  • Support 1111.48
  • Support 2109.27
  • Resistance 1114.81
  • Resistance 2115.92
  • Pivot112.59