Price seems to have found nice support near 370-380 zones on the weekly charts. Last week's rise seems to be an indication of buying interest at support.
Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible.
Will consider for Long next week on a small retracement.
SL below low of last week is a bit steep for my liking. The retracement, if it comes, may give a lower risk SL, if at all.
Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible.
Will consider for Long next week on a small retracement.
SL below low of last week is a bit steep for my liking. The retracement, if it comes, may give a lower risk SL, if at all.