It may attempt a test higher to 15.955458 - 16.023994 after which weakness may set it to a drift down to 15.777928 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point15.91
  • Entry Point15.93
  • Trendline 115.98
  • Trendline 215.91
  • Elliott16.22
  • Closing15.92
  • Ex-Low15.75
  • Ex-High16.00
  • Projection15.71

Supports and Resistance levels

  • Support 115.78
  • Support 215.64
  • Resistance 116.02
  • Resistance 216.13
  • Pivot15.89

It should try higher up to 16.083410. Entry point 15.978940 or 15.891748. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point16.07
  • Entry Point15.84
  • Trendline 115.99
  • Trendline 215.91
  • Elliott17.32
  • Closing16.01
  • Ex-Low15.77
  • Ex-High16.15
  • Projection15.48

Supports and Resistance levels

  • Support 115.80
  • Support 215.60
  • Resistance 116.19
  • Resistance 216.36
  • Pivot15.98

It looks more likely that it would rise to 16.967831 from 15.996747 or 15.557079. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point16.24
  • Entry Point16.72
  • Trendline 116.53
  • Trendline 216.53
  • Elliott17.36
  • Closing16.09
  • Ex-Low15.91
  • Ex-High17.32
  • Projection15.24

Supports and Resistance levels

  • Support 115.56
  • Support 215.03
  • Resistance 116.97
  • Resistance 217.85
  • Pivot16.44