SOL – “Play the Ranges”

4-Hour Analysis:

Big Picture: SOL has established a range between 120/110 on the upside followed by 97/87 on the downside. Unless a break on either-side is seen the levels remain valid. A break above 120 leads towards 126-132 and eventually 155. However a break below 87 leads towards 80 followed by 65.

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

 On Upside first intra-day resistance is seen at 102 followed by 104.50. Upside is hugely capped between 110-120.