Be careful this week as the big $500 level is around the corner and everything can happen. My personal guess, if you’d asked me, is that the market will break $500. I can’t see any sign of weakness there right now. Of course it doesn’t mean the situation can’t change in a second.
Again, I would be very, very hesitating to open a short position at this phase. If not a clear up-move I would expect a choppy trading at worst before attacking $500.
Buy: 480 SL: 445 PT: 500; 520; 560
Sell: 430 SL: 460 PT: 420; 400; 390