The Past Week All Over Again. Weekly Trades (40)

Nothing much happened last week, well except that Paypal shoot up which was quickly retraced back down. The US dollar is getting “stronger” across the board (forex, commodities, metals) so there’s no reason to change my bearish bias right now. The points put out last week stay valid.

Sell:  389     Stop-loss: 415        Take Profit: 350; 335
Buy:  415        SL:      389             TP: 427; 440; 450

Falling. Weekly Trades (39)

Ok, the market is moving, though not in a much appreciated direction, but we are traders, right?:) Not too much bull-optimistic close of the last week suggests continuing selling. I can see some solid support levels at around $340 and $260.

Sell: 389     Stop-loss: 415        Take Profit: 350; 335
Buy:  415       SL:      389             TP: 427; 440; 450

Big Support Testing. Weekly Trades (36)

There hasn’t been a weekly close below $400 since last November. After big run up three sell out attacks occurred at this level but the price always managed to bounce up. Pay attention during these days…

Sell: 472 or below today’s low       Stop-loss: 505     Take Profit: 450; 430; 420
Buy:  505                                    Stop-loss: 480     Take Profit: 520; 530; 545