It should trade higher to 17.6600 while 17.1800 or 17.0300 offers support. Stop loss below 16.8800 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point17.63
  • Entry Point17.23
  • Trendline 116.70
  • Trendline 217.07
  • Elliott16.33
  • Closing17.36
  • Ex-Low16.70
  • Ex-High17.48
  • Projection17.76

Supports and Resistance levels

  • Support 116.88
  • Support 216.40
  • Resistance 117.66
  • Resistance 217.96
  • Pivot17.18

It should test 18.2500 area after which a sell off down to 16.9000 or extended to 15.9100 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 17.3391

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point18.07
  • Entry Point17.06
  • Trendline 118.64
  • Trendline 215.91
  • Elliott21.37
  • Closing17.89
  • Ex-Low16.78
  • Ex-High18.64
  • Projection16.65

Supports and Resistance levels

  • Support 116.90
  • Support 215.91
  • Resistance 118.76
  • Resistance 219.63
  • Pivot17.77

It looks more likely that it would rise to 20.1900 - 23.1400 from 16.9450 or 15.4700. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point15.47
  • Entry Point18.42
  • Trendline 117.37
  • Trendline 217.66
  • Elliott21.37
  • Closing17.24
  • Ex-Low16.65
  • Ex-High21.37
  • Projection13.61

Supports and Resistance levels

  • Support 115.47
  • Support 213.70
  • Resistance 120.19
  • Resistance 223.14
  • Pivot18.42