SOL: Open an initial position at 101.26–100.65; add to the position at 98.65–96.25 (buy the dips at 98.65, 97.65, and 96.26). Only add if these levels are reached. 96 is the first support below 100. The 100 level may break next week, but is likely to be reclaimed quickly. Defense level: 95. Take profit into the short-term rebound resistance at 104.5–106.5. A breakout above 107.66 would turn the outlook bullish again.

For spot, buy in batches at 101.5–100.5 and 98.65–96.26.

There is no Fed rate decision meeting in November. The rebound is expected to resume after the Fed meeting at the end of the month.