Uptrend is still intact in a triangle configuration. It should continue to rally to 14.900019 or 14.896667 if support around 14.713333 hold. After which a pullback to 14.713333 - 14.647499 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point14.84
  • Entry Point14.68
  • Trendline 114.55
  • Trendline 214.63
  • Elliott14.27
  • Closing14.77
  • Ex-Low14.53
  • Ex-High14.85
  • Projection14.87

Supports and Resistance levels

  • Support 114.58
  • Support 214.40
  • Resistance 114.90
  • Resistance 215.03
  • Pivot14.71

It should trade higher to 14.743334 while 14.506667 or 14.420000 offers support. Stop loss below 14.333334 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point14.66
  • Entry Point14.47
  • Trendline 114.48
  • Trendline 214.48
  • Elliott14.27
  • Closing14.57
  • Ex-Low14.27
  • Ex-High14.68
  • Projection14.68

Supports and Resistance levels

  • Support 114.33
  • Support 214.10
  • Resistance 114.74
  • Resistance 214.92
  • Pivot14.51

One more dip to 14.420000 - 14.231668 is likely followed by a grind higher to 14.777500 - 14.946667. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point14.51
  • Entry Point14.39
  • Trendline 114.62
  • Trendline 214.65
  • Elliott16.79
  • Closing14.57
  • Ex-Low14.27
  • Ex-High14.99
  • Projection13.89

Supports and Resistance levels

  • Support 114.23
  • Support 213.89
  • Resistance 114.95
  • Resistance 215.32
  • Pivot14.61