SOL – “Play the Ranges”

4-Hour Analysis:

Big Picture: For SOL, not much has changed. The levels within range are functioning properly. SOL has found intraday resistance around the 104.50 level, with support coming from the EMA-50 4-Hour at 102.20. Price activity will be choppy until it breaks either side.

On Downside First intra-day support is seen at 102.20 followed by second intra-day support at 100 level. However any break below 100 leads towards 97 followed by 91-87 levels. 

 On Upside first intra-day resistance is seen at 104.50 followed by 110. Upside still remains to be aggressively capped around 110-120. However any break above these levels will open 132 initially followed by 155.