Important Levels for 07/11/2022.
The buyers did their best defending 18120 and in the late hour of friday's session we did witness a fast upside move of close to 70 points and closed inside the seller reference zone @ 18201-18235.
Today we are most likely going to open with a big gap, the immediate seller reference is at 18327-18357. Once we trade above it we can take longs with a 20-25 point SL for targets of 17383,18440.
But if we open around the mentioned seller reference and see sellers coming in we can short with SL places at 18360 for targets of 18294, 18220 and 18170.
The buyers did their best defending 18120 and in the late hour of friday's session we did witness a fast upside move of close to 70 points and closed inside the seller reference zone @ 18201-18235.
Today we are most likely going to open with a big gap, the immediate seller reference is at 18327-18357. Once we trade above it we can take longs with a 20-25 point SL for targets of 17383,18440.
But if we open around the mentioned seller reference and see sellers coming in we can short with SL places at 18360 for targets of 18294, 18220 and 18170.