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Commodity Trading Discussion Forum

Re: Dollar Index Daily chart **Lee/

Posted By: Trades
Date: Wednesday, 4 November 2009, at 1:10 a.m.

In Response To: Re: Dollar Index Daily chart **Lee/Trades (Lee)

As long as DX holds above 76 it is simply consolidating above that previous resistance/now support level. Plus the spike cleared a lot of resistance out of the way by punching a hole in it. Price still needs to clear 76.80 and then attack the 77.52 resistance pt. 1st things 1st. I have been impressed with the price action of GC. Very impressed. But it is on a collision course with DX I would think. I certainly wont bet against GC regardless with its strength in the face of a DX bounce. The DX question should be answered soon enough. As far as the DX post and pic regarding the spike before it occured goes I just had a gut feeling that was going to occur.


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