Given the support on the Monthly VWAP +1 Standard Deviation band, and the Weekly VWAP, we are focusing on buy zones on the current ESZ9 contract.
The key levels are shown on the chart below, and are considered buy zones for the US session.
As the European session has been choppy/ranging, there is no clear directional trend at present, and so buying in the support zones, with stops below, and a target towards the daily VWAP, is the preferred trading strategy for today.
The buy zones are highlighted in green.
Today’s areas for buy entries include :
- 3005 (+/-1 pt)
- 2992 (+/-1 pt)
- 2981 (+/-1 pt)
Stops 4 points below, Targets 8 points above.