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TFC Commodity Trading Forum

U.S.$ Index/ At Critical Turning Point *PIC*

DX has been trading in a two month channel between 78.60 and 81.50. The big test of any channel is which way price breaks out. Right now DX is testing the bottom of that channel and needs to either rebound quickly or fail. Either way will have huge consequences for commodities, Gold, currencies and the stock market. A break below 78.60 that holds and follows through to the downside would confirm the rebound from Nov/10 had failed. Very important point in time for all of these markets.

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U.S.$ Index/ At Critical Turning Point *PIC*