It may attempt a test higher to 669.3750 - 671.7333 after which weakness may set it to a drift down to 662.9833 limit.

Technical Forecast

  • Elliott Wave

    flat correction down 662.7875

Key Points

  • Key Point668.26
  • Entry Point668.99
  • Trendline 1669.65
  • Trendline 2669.27
  • Elliott676.40
  • Closing667.70
  • Ex-Low662.30
  • Ex-High671.05
  • Projection665.18

Supports and Resistance levels

  • Support 1662.98
  • Support 2658.27
  • Resistance 1671.73
  • Resistance 2675.77
  • Pivot667.02

It looks set for gains to 680.5166. Supports at 665.6000 and 661.8166. A break of 650.6833 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    flat correction up 680.3150

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point678.30
  • Entry Point668.28
  • Trendline 1667.55
  • Trendline 2667.55
  • Elliott658.25
  • Closing672.95
  • Ex-Low658.25
  • Ex-High676.95
  • Projection687.67

Supports and Resistance levels

  • Support 1661.82
  • Support 2650.68
  • Resistance 1680.52
  • Resistance 2688.08
  • Pivot669.38

It is a triangle configuration. Market should break either side. Acceleration should occur above 687.6700 or under 645.3500 limits.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point661.99
  • Entry Point654.07
  • Trendline 1645.35
  • Trendline 2650.30
  • Elliott640.40
  • Closing664.25
  • Ex-Low645.35
  • Ex-High687.67
  • Projection694.45

Supports and Resistance levels

  • Support 1643.84
  • Support 2623.44
  • Resistance 1686.16
  • Resistance 2708.08
  • Pivot665.76