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

Crude Oil : Critical Point 87.46

Hong Kong Qindex 13:08 GMT January 8, 2011
Crude Oil : Critical Point 87.46 : Reply
Crude
Entry: Target: Stop:

Crude Oil : Critical Point 87.46

This week the market hit a low and a high at 88.03 and 91.55 respectively and it closed at 88.03. As shown in the monthly cycle charts a critical point is positioning at 87.46. The monthly cycle congested area indicates that the market has a tendency to trade within 77.64 and 88.86.

Crude Oil : Monthly Cycle Charts
http://www.qindex.com/crude-oil.html