It should be subject to more weakness towards 112.964310. After which a correction to above 113.529388 is anticipated. A break of 112.713623 is bearish.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point113.47
  • Entry Point113.39
  • Trendline 1113.37
  • Trendline 2113.46
  • Elliott112.24
  • Closing113.38
  • Ex-Low113.21
  • Ex-High113.68
  • Projection113.82

Supports and Resistance levels

  • Support 1113.17
  • Support 2112.96
  • Resistance 1113.63
  • Resistance 2113.88
  • Pivot113.42

If market stays below 113.546310 a fall to 112.513901 is expected. If market breaks the point 113.981110 it could reach the sky.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point113.79
  • Entry Point112.83
  • Trendline 1113.63
  • Trendline 2113.55
  • Elliott112.24
  • Closing113.38
  • Ex-Low112.24
  • Ex-High113.71
  • Projection114.04

Supports and Resistance levels

  • Support 1112.51
  • Support 2111.64
  • Resistance 1113.98
  • Resistance 2114.58
  • Pivot113.11

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