Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Dec Crude/Continues to selloff *PIC*

Dec Crude broke down out of its bearish Rising Wedge and continues to selloff. This pattern typically retraces the entire Wedge pattern. Resistance is the broken uptrendline and the downtrendline at 90 plus price resistance of 92. Collectively that is a lot of resistance above in a tight price area. Will not be easy to clear regardless of what happens. Seasonal trends in all time frames show the worst time of year for Crude is from mid Sept well into Dec.