On the daily charts it has broken out of the upper channel. In that respect if any pull backs were to happen this week it will try and touch the upper trend channel. On the weekly charts too it is in a strong uptrend. Upside it can touch levels of $73 to $75. On the downside we can look at levels of $63 to $65 at the trendline.
Following are the Trading levels for WS 18th Feb
Buy above 66 Tgt 1 – 68.7, Tgt 2 – 70.25, Tgt 3 – 73.00
Sell below 66 Tgt 1 – 64.5, Tgt 2 – 61.80, Tgt 3 – 60.20
Very Important – DO NOT TRADE WITHOUT STOP LOSS. Use sound Money Management with your Trading Plan and do not over leverage vis-a-vis your trading equity.
Have a Profitable Trading week ahead!
To your Boring Success!!!