Uptrend is still intact in a triangle configuration. It should continue to rally to 17.472885 or 17.445318 if support around 17.237757 hold. After which a pullback to 17.237757 - 17.168339 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point17.41
  • Entry Point17.18
  • Trendline 117.03
  • Trendline 217.12
  • Elliott16.80
  • Closing17.31
  • Ex-Low17.03
  • Ex-High17.38
  • Projection17.54

Supports and Resistance levels

  • Support 117.10
  • Support 216.89
  • Resistance 117.45
  • Resistance 217.58
  • Pivot17.24

Uptrend is still intact in a triangle configuration. It should continue to rally to 17.483585 or 17.513878 if support around 17.169199 hold. After which a pullback to 17.169199 - 17.065502 zone is possible.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point17.51
  • Entry Point17.09
  • Trendline 116.88
  • Trendline 216.92
  • Elliott16.61
  • Closing17.31
  • Ex-Low16.82
  • Ex-High17.38
  • Projection17.47

Supports and Resistance levels

  • Support 116.96
  • Support 216.62
  • Resistance 117.51
  • Resistance 217.72
  • Pivot17.17

It should trade lower to 16.512497 - 16.193331. Resistances are at 17.084997 and 17.338331. A break of 17.976664 is bullish, confirmed by a close above 16.305012.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point16.50
  • Entry Point16.73
  • Trendline 117.47
  • Trendline 216.72
  • Elliott18.22
  • Closing16.70
  • Ex-Low16.32
  • Ex-High17.47
  • Projection15.88

Supports and Resistance levels

  • Support 116.19
  • Support 215.69
  • Resistance 117.34
  • Resistance 217.98
  • Pivot16.83