It may attempt a test higher to 108.563690 - 108.730141 after which weakness may set it to a drift down to 108.116447 limit.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point108.53
  • Entry Point108.60
  • Trendline 1108.68
  • Trendline 2108.63
  • Elliott108.72
  • Closing108.45
  • Ex-Low108.06
  • Ex-High108.68
  • Projection108.16

Supports and Resistance levels

  • Support 1108.12
  • Support 2107.78
  • Resistance 1108.73
  • Resistance 2109.01
  • Pivot108.40

Market should not go lower than 108.279503 - 107.142006. After this move down it should go up to 109.985748 - 110.554497 area.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point106.57
  • Entry Point109.42
  • Trendline 1111.69
  • Trendline 2110.98
  • Elliott112.40
  • Closing108.28
  • Ex-Low108.28
  • Ex-High111.69
  • Projection104.70

Supports and Resistance levels

  • Support 1107.14
  • Support 2106.00
  • Resistance 1110.55
  • Resistance 2112.83
  • Pivot109.42