– I’ll be looking for potential Buys above 216.950 targeting Weekly Wick Fill at 217.470 Leaving Runners to the Hourly Resistance formed at 218.080.
– I’ll be looking for potential Sells below 216.340 targeting Hourly Rejection formed at 215.840 Leaving Runners to the Hourly Support formed at 215.500.
– Price action throughout the week has been stuck in a narrow range, with no clear momentum behind the moves. Ideally, we want to see strong volume before looking for the next major move and a cleaner breakout from this range.